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Question Help Staton-Smith Software is a new start-up company and will not pay dividends for the first five years of operation it will then institute

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Question Help Staton-Smith Software is a new start-up company and will not pay dividends for the first five years of operation it will then institute an annual cash dividend policy of $4.00 with a constant growth rate of 6%, with the first dividend at the end of year sok The company will be in business for 25 years total What is the stock's price if an investor wants a. a return of 10% b. a return of 14% c. a roturn of 24%? d. a return of 38%? a. What is the stock's price it an investor wants a return of 10%? (Round to the nearest cont.)

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