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Red Dirt Products next expected dividend, in one year, is $1.55 per share. The firm's dividends are expected to grow by 5 percent for the

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Red Dirt Products next expected dividend, in one year, is $1.55 per share. The firm's dividends are expected to grow by 5 percent for the indefinite future. What is the value of a share of Red Dirt's stock if the required rate of return is 14 percent? Financial analysts forecast Crestwood Equity Partners (CEQP) growth for the future to be 3.2 percent. The firm just paid a $1.45 dividend. What is the value of their stock when the required rate of return is 8.4 percent? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST CENT (example: 3.57 )

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