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Item8 10 points Time Remaining 30 minutes 51 seconds00:30:51 eBook References Check my work Check My Work button is now enabledItem 8Item 8 10 points
Item8 10 points Time Remaining 30 minutes 51 seconds00:30:51 eBook References Check my work Check My Work button is now enabledItem 8Item 8 10 points Time Remaining 30 minutes 51 seconds00:30:51 Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $2.60 next year. The growth rate in dividends for all three companies is 4 percent. The required return for each companys stock is 6 percent, 9 percent, and 12 percent, respectively. What is the stock price for each company? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
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