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Question 6 1 pts Westin Corporation common stock recently paid a dividend of $2.30. The firm typically pays out 50% of its earnings as dividends
Question 6 1 pts Westin Corporation common stock recently paid a dividend of $2.30. The firm typically pays out 50% of its earnings as dividends and retains the rest for investment in the firm. Westin has a return on equity of 15 percent. If investors require a return of 12 percent, what is the intrinsic value of the firm's common stock? Assume dividends will grow at a constant rate. O $23.29 $62.11 O $57.33 $54.94 $59.72
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