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Lauren Corporation will pay a dividend of $ 3 . 8 0 next year. The company has stated that it will maintain a constant growth
Lauren Corporation will pay a dividend of $ next year. The company has stated that it will maintain a constant growth rate of percent a year forever.
a If you want a return of percent, how much will you pay for the stock?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
b If you want a return of percent, how much will you pay for the stock?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
tablea Stock price,b Stock price,
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