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Diettreich Electronics wants its shareholders to earn a 15% return on their investment in the company. At what price would the stock need to be

Diettreich Electronics wants its shareholders to earn a 15% return on their investment in the company. At what price would the stock need to be priced today if Diettreich Electronics had:

a. a $0.25 constant annual dividend forever?

b. a $1.75 constant annual dividend forever?

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