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Question 18 (4 points) You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $8.10. You have projected
Question 18 (4 points) You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $8.10. You have projected that dividends will grow at a rate of 7.0% per year indefinitely. The firm's beta is 0.76, the risk-free rate is 6.1%, and the market return is 13.8%. What is the most you should pay for the stock now? $191.29 $163.64 $67.78 $72.53 $175.09
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