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Question 1. (5 points). (a) TVN company's common stock has paid a dividend of $5.00 per share per year for the last 10 years. The

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Question 1. (5 points). (a) TVN company's common stock has paid a dividend of $5.00 per share per year for the last 10 years. The CEO of the company expects to continue to pay at that amount for the foreseeable future. The current required rate of return for the TVN stock is 12%. How much should an investor pay for one common share of TVN? (b) ABC, Inc., common stock paid a dividend of $5.20 per share last year. The company expects earnings and dividends to grow at a rate of 5% per year for the foreseeable future. What is the maximum price per share that an investor who requires a return of 12% should pay for ABC's common stock

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