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Fast Wheels, Inc. expects to pay an annual dividend of $0.72 next year. Dividends have been growing at a compound annual rate of 6% and

  • Fast Wheels, Inc. expects to pay an annual dividend of $0.72 next year. Dividends have been growing at a compound annual rate of 6% and are expected to continue growing at that rate. What is the value of one share of Fast Wheels stock to an investor who requires a 14% rate of return?



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