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Mackin Corp. common stock currently sells for $22.50 per share. The company's executives anticipate a constant growth rate of 10 percent and an end-of-year dividend
Mackin Corp. common stock currently sells for $22.50 per share. The company's executives anticipate a constant growth rate of 10 percent and an end-of-year dividend of $2. If you require a 17% return, should you purchase the stock?
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