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The last dividend on Rifey Corporation's common stock was $5.00, and the expected constant growth rate is 11 percent. If you require a rate of
The last dividend on Rifey Corporation's common stock was $5.00, and the expected constant growth rate is 11 percent. If you require a rate of return of 21 percent, what is the highest price you should be willing to pay for this stock?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
