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Shad Corporation, Meshach Inc, and Abed Co., will each pay a dividend of $3.65 in the coming year. The required rate of return for their

Shad Corporation, Meshach Inc, and Abed Co., will each pay a dividend of $3.65 in the coming year. The required rate of return for their stock is 8%, 11% and 14% respectively. In addition, they each have a growth rate in dividends of 4%. a. What is the stock price of each company? b. What do you surmise is the relationship between the required return and the stock price? (4 marks)

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