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help me for get the ans P7-13 Common stock value: Variable growth Moors Tools is considering a cash purchase of the stock of Crooks Moldings.

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P7-13 Common stock value: Variable growth Moors Tools is considering a cash purchase of the stock of Crooks Moldings. During the year just completed, Crooks earned (4.50 per share and paid cash dividends of f2.30 per share (Do = 2.30). Crook's earnings and dividends are expected to grow at 20% per year for the next 2 years, after which they are expected to grow at 5% per year forever. What is the maximum price per share that Moors should pay for Crooks if it has a required return of 12% on investments with risk characteristics similar to those of Crooks

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