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The Ramirez Company just paid a dividend of $1.50. Its dividend growth rate is expected to be 25% for each of the next 2 years,
The Ramirez Company just paid a dividend of $1.50. Its dividend growth rate is expected to be 25% for each of the next 2 years, after which dividends are expected to grow at a rate of 6% forever. If the required return (rs) on the stock is 11%, what is the best estimate of the current stock price? O $41.58 O $43.92 O $42.64 O $44.80 O $45.92 Question 21 4.55 pts O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal yield to maturity is 8%, they pay interest semiannually, and they sell at a price of $850: What is the bond's nominal (annual) coupon interest rate? O 6.60% O 7.32% O 6.27% O 6.95% O 7.70% *
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