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You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $8.50. You have projected that dividends will grow
You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $8.50. You have projected that dividends will grow at a rate of 9.0% per year indefinitely. The firm's beta is 1.74, the risk-free rate is 5.5%, and the market return is 10.0%. What is the most you should pay for the stock now? $233.77 $196.30 $63.77 $69.50 $213.97
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