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Seitz Glassware is trying to determine its growth rate for an annual cash dividend. The most recent dividend, Div 0 was $ 0.40per share. The

Seitz Glassware is trying to determine its growth rate for an annual cash dividend. The most recent dividend, Div 0 was $ 0.40per share. The stock's target return rate is 11%. What is the stock's price if a.the annual growth rate is 3%? b.the annual growth rate is 5%? c.the annual growth rate is 7%? 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 3%?

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(Round to the nearest cent.)

P7-6 (similar to) Seitz Glassware is trying to determine its growth rate for an annual cash dividend. The most recent dividend, Divo, was $0.40 per share. The stock's target return rate is 11%. What is the stock's price if a. the annual growth rate is 3%? b. the annual growth rate is 5%? c. the annual growth rate is 7%? 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 3%? (Round to the nearest cent.)

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