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Please show work/steps with a formula or excel. Seitz Glassware is trying to determine its growth rate for an annual cash dividend. The most recent
Please show work/steps with a formula or excel.
Seitz Glassware is trying to determine its growth rate for an annual cash dividend. The most recent dividend, Divo, was $0.70 per share. The stock's target return rate is 11%. What is the stock's price if a. the annual growth rate is 3%? b. the annual growth rate is 4%? c. the annual growth rate is 6%? d. the annual growth rate is 8%? e. the annual growth rate is 10%? HERO a. What is the stock's price if the annual growth rate is 3%? (Round to the nearest cent.) b. What is the stock's price if the annual growth rate is 4%? S (Round to the nearest cent.) c. What is the stock's price if the annual growth rate is 6%? (Round to the nearest cent.) d. What is the stock's price if the annual growth rate is 8%? (Round to the nearest cent.) e. What is the stock's price if the annual growth rate is 10%? (Round to the nearest cent.)Step by Step Solution
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