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The Foreman Company's earning and common stock dividends have been growing at an annual rate of 6 percent oner the past 10 years and are

The Foreman Company's earning and common stock dividends have been growing at an annual rate of 6 percent oner the past 10 years and are expected to continue growing at this rate for the foreseable future, The Firm currently (that is, as of year 0) pays annual dividend of $5 per share. Determine the current value of a share of Foreman common stock to investors with each of the following required rates of return: a. 12 percent b. 14 percent c.16 percent d. 6 percent e. 4 percent

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