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Vcast, Inc., is expected to grow at a constant rate of 9 percent. The company will pay a dividend of $2.75 next year and the
Vcast, Inc., is expected to grow at a constant rate of 9 percent. The company will pay a dividend of $2.75 next year and the current price of the stock is $29.5. If investors require a return of 18% on similar stocks, how much is the stock worth and is it a good buy? O No, it is not a good buy because the stock is worth $30.56 O No, it is not a good buy because the stock is worth $9.50 O Yes, it is a good buy because the stock is worth $30.56 O None of these are correct
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