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Q2. You are interested in purchasing the common stock of Inch, Inc., which is currently priced at $ 40. The company is expected to pay

Q2. You are interested in purchasing the common stock of Inch, Inc., which is currently priced at $ 40. The company is expected to pay a dividend of $3 next year and to grow at a constant rate of 8 percent. What should the market value of the stock be if the required rate of return is 15.75 percent? (1mark) Is this a good buy? Why or why not? (1mark)

please for answer don't use hand writing

when you write the answer pls write the number

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