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Investors require a 15% rate of return on Levine Companys stock (that is the required rate of return or Rs = 15%). The previous years
Investors require a 15% rate of return on Levine Companys stock (that is the required rate of return or Rs = 15%). The previous years dividend was $2 (that is Do = $2.00) and the dividend will grow by 5% for this year. (a) What is the value of the stock if dividends continue to grow at a constant 5%?
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