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Mack Industries just paid a dividend of $5 per share (DO = $5). Analysts expect the company's dividend to grow 5 percent this year (D1
Mack Industries just paid a dividend of $5 per share (DO = $5). Analysts expect the company's dividend to grow 5 percent this year (D1 = $5.25) and 7 percent next year. After two years the dividend is expected to grow at a constant rate of 4 percent. The required rate of return on the company's stock is 13 percent. What should be the company's current stock price? O $61.88 O $63.88 O $59.88 O $65.88 O $67.88 
Mack Industries just paid a dividend of $5 per share (DO=$5). Analysts expect the company's dividend to grow 5 percent this year (D1 =$5.25 ) and 7 percent next year. After two years the dividend is expected to grow at a constant rate of 4 percent. The required rate of return on the company's stock is 13 percent. What should be the company's current stock price? $61.88 $63.88 $59.88 $65.88 $67.88
Mack Industries just paid a dividend of $5 per share (DO = $5). Analysts expect the company's dividend to grow 5 percent this year (D1 = $5.25) and 7 percent next year. After two years the dividend is expected to grow at a constant rate of 4 percent. The required rate of return on the company's stock is 13 percent. What should be the company's current stock price? O $61.88 O $63.88 O $59.88 O $65.88 O $67.88
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