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StellarIncorporated has announced an annual dividend of $6.00. The firm has zero growth and the required rate of return for this type of firm is10percent.
StellarIncorporated has announced an annual dividend of $6.00. The firm has zero growth and the required rate of return for this type of firm is10percent. Assuming that the ex-dividend date is January 20, calculate the expected stock price forStellaron January 19 and January 21.(Round answers to 2 decimal places, e.g. 45.15.)
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