Question
!!! This is a Two - PART Question !!! P1) LEP Tech is expected to pay its first dividend in exactly one year of $1.25
!!! This is a Two - PART Question !!!
P1) LEP Tech is expected to pay its first dividend in exactly one year of $1.25 per share. The annual growth rate in dividends is expected to be 6% and LEP's shareholders require a return of 12%. The value of the stock is closest to...:
A) $23.68
B) $23.49
C) $22.08
D) $20.83
P2) Patch Software is expected to pay its first dividend in exactly one year of $0.25 per share. The growth rate in dividends is expected to be 4.5% and Patch's shareholders require 13.8%. The stock value is closest to...:
a) $2.69
b) $3.11
c) $2.42
d) $2.84
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