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Problem 9.10 opter x Your answer is incorrect. Try again. Sunland Corp. paid a dividend of $2.16 yesterday. The company's dividend is expected to grow

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Problem 9.10 opter x Your answer is incorrect. Try again. Sunland Corp. paid a dividend of $2.16 yesterday. The company's dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Sunland require a rate of return of 17 percent, what should be the market price of Sunland steck? (Round dividend to J decimal places, 0.9 3.756 and round final answer to 2 decimal places, e.g. 15.25.) Market price 18.18 olution I S LANSWEE

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