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Seitz Glassware is trying to determine its growth rate for an annual cash dividend. The most recent dividend, Divo, was $0.30 per share. The stock's
Seitz Glassware is trying to determine its growth rate for an annual cash dividend. The most recent dividend, Divo, was $0.30 per share. The stock's target return rate is 10%. What is the stock's price if a. the annual growth rate is 2%? b. the annual growth rate is 4%? c. the annual growth rate is 6%? d. the annual growth rate is 8%? e. the annual growth rate is 9%? a. What is the stock's price if the annual growth rate is 2%? $ (Round to the nearest cent.)
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