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The stock price of XYZ Co. is $22.6. Investors require an 6.77 percent rate of return on similar stocks. If the company plans to pay

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The stock price of XYZ Co. is $22.6. Investors require an 6.77 percent rate of return on similar stocks. If the company plans to pay a dividend of $3.37 next year, what constant growth rate (in percent) is expected for the company's stock price? Answer to two decimals. PQR Co. has earnings of $3.95 per share. The benchmark PE for company is 22. What stock price (to two decimals) would you consider appropriate

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