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Quincy common stock is expected to pay a $6 dividend next year. Dividends are expected to grow at a 2 percent rate forever. The stock

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Quincy common stock is expected to pay a $6 dividend next year. Dividends are expected to grow at a 2 percent rate forever. The stock currently sells for $61, and your required rate of retum is 12 percent, should you purchase the stock? Yes No You'd be indifferent toward purchasing the stock. Cannot be determined

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