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PLEASE SHOW WORK :) Question 4 1/1 pts You expect GDL to have $1.04 profits per share next year, and you expect the company's profits
PLEASE SHOW WORK :)
Question 4 1/1 pts You expect GDL to have $1.04 profits per share next year, and you expect the company's profits will grow at a constant rate of 5% per year for the foreseeable future. You will only invest in GDL if you can expect a return of 8% per year on your investment. What is the most you would be willing to pay for a share of GDL today? Round your answer to 2 decimals, for example, 100.21. ect! 34.67 Answer 34.67 margin of error +/-0.05Step by Step Solution
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