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Great Helen Inc. just paid an annual dividend of $1.50. The expected dividend next year is $1.90, and the year after that it is, $2.50.
Great Helen Inc. just paid an annual dividend of $1.50. The expected dividend next year is $1.90, and the year after that it is, $2.50. Thereafter, dividends will grow at a constant rate of 6% per year. If your required rate of return is 11%, what is the most you should pay for this stock?
$31.05
$37.73
$42.10
$47.70
$45.50.
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