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You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $3.10 and
You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $3.10 and that dividends will grow at a rate of 10.0% per year thereafter. If you would want an annual return of 13.0% to invest in this stock, what is the most you should pay for the stock now?
$23.85 |
$113.67 |
$103.33 |
$26.23 |
$112.90 |
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