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Please don't use EXCEL 3, A share of common stock has current price of $82.50 and is expected to grow at a constant rate of
Please don't use EXCEL
3, A share of common stock has current price of $82.50 and is expected to grow at a constant rate of 10%. If you require a 14% rate of return, what is the first expected dividend on this stock? (2pts) 4. The last dividend on Sprex Corp. common stock was $4.00 and the expected growth rate is 10%. If you require a rate of 20%, what is the highest price you should be willing to pay for this stock? (2 pts)Step by Step Solution
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