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Gentleman Gym pays an annual dividend of $6 per share, and the dividend is expected to increase by 5% each year indefinitely. A. At what

Gentleman Gym pays an annual dividend of $6 per share, and the dividend is expected to increase by 5% each year indefinitely.

A.

At what price should the stock be sold? The discount rate is 15%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

stock price$

B.

At what price should the stock be sold? The discount rate is 12%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

stock price$

 

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