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Grouper Incorporated has announced an annual dividend of $6.50. The firm has zero growth and the required rate of return for this type of firm
Grouper Incorporated has announced an annual dividend of $6.50. The firm has zero growth and the required rate of return for this type of firm is 10 percent. Assuming that the ex-dividend date is January 20, calculate the expected stock price for Grouper on January 19 and January 21. (Round answers to 2 decimal places, e.g. 45.15.)
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