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need help with question 21 and 22 Question 21 (1 point) MMC expects to pay its first dividend at the end of the year. The
need help with question 21 and 22
Question 21 (1 point) MMC expects to pay its first dividend at the end of the year. The first dividend is expected to be $0.75 and the second $1.25. Then, dividends are expected to grow at 3.5% thereafter. Given a required return of 8.5%, what should the value of the stock be today? Question 22 (1 point) What is the expected rate of return for this non-constant growth stock? You have evaluated this stock using your required rate of return of 9% and found its intrinsic value (present value) to be $22.61 per share. It is trading at the current market price is) $25.16 Step by Step Solution
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