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Gentry Can Companys (GCC) latest annual dividend of $1.25 a share was paid yesterday and maintained its historic 7 percent annual rate of growth.You plan
Gentry Can Companys (GCC) latest annual dividend of $1.25 a share was paid yesterdayand maintained its historic 7 percent annual rate of growth.You plan to purchase the stock today because you believe that the dividend growth rate will increase to 8 percent for the next three years and the selling price of the stock will be $40 per share at the end of that time. a. How much should you be willing to pay for the GCC stock if you require a 12 percent return?
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