Question
QUESTION 21 The last dividend on Riverhawk Corporation's common stock was $4.50, and the expected constant growth rate is 10 percent. If you require a
QUESTION 21
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The last dividend on Riverhawk Corporation's common stock was $4.50, and the expected constant growth rate is 10 percent. If you require a rate of return of 20 percent, what is the highest price you should be willing to pay for this stock?
A. $ 33.00
B. $ 60.50
C. $ 55.00
D. $ 44.00
E. $ 38.50
F. $ 49.50
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The Finance Book
Authors: Stuart Warner, Si Hussain
2nd Edition
1292401982, 978-1292401980
