Question
The last dividend on Riverhawk Corporation's common stock was $5.50, and the expected constant growth rate is 10 percent. If you require a rate of
The last dividend on Riverhawk Corporation's common stock was $5.50, and the expected constant growth rate is 10 percent. If you require a rate of return of 20 percent, what is the highest price you should be willing to pay for this stock? A. $ 55.00 B. $ 33.00 C. $ 60.50 D. $ 44.00 E. $ 38.50 F. $ 49.50
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
