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Please show ALLLLLLL work if possible handwritten and do not use Excel! 18. Xinhua Manufacturing Inc. has been generating stable revenues but sees no growth
Please show ALLLLLLL work if possible handwritten and do not use Excel!
18. Xinhua Manufacturing Inc. has been generating stable revenues but sees no growth in its foreseeable future. The company's last dividend was $3.25, and it is unlikely to change the amount paid out. If the required rate of return is 12%, what is the stock worth today? a) $3.69 b) $27.08 c) $39.00 d) $21.23Step by Step Solution
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