Phil and Mack are evaluating an investment in TypeCAST. They both believe that next year's dividend will be $1.20 per share and they both agree that the growth rate of dividends will be 2.5% per year. However, Mack believes that the required return for the investment is 12% while Phil believes that it is 19%. What are Phil and Mack's relative valuations of TypeCAST? They both have the same valuation Phil has a lower valuation since he has a higher required return Not enough information to determine Mack has a lower valuation since he has a lower required return

Phil and Mack are evaluating an investment in TypeCAST. They both believe that next year's dividend will be $1.20 per share and they both agree that the growth rate of dividends will be 2.5% per year. However. Mack believes that the required return for the investment is 12% while Phil believes that it is 19%. What are Phil and Mack's relative valuations of TypeCAST? They both have the same valuation Phil has a lower valuation since he has a higher required return Not enough information to determine Mack has a lower valuation since he has a lower required return