Melissa Popp is thinking about buying some shares of R.H. LawncareEquipment, at $56.55 per share. She expects the price of the stock to rise to $66.82 over the next 3 years. During that time she also expects to receive annual dividends of $4.99 per share.<\/p>
a.<\/strong>What is the intrinsic worth of thisstock, given a 8% required rate ofreturn?<\/p> b.<\/strong>What is its expectedreturn?<\/p>",
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"edition": "13th Edition",
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"question_posted": "2024-06-09 07:06:41",
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