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You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 3.5 percent indefinitely. The company just paid a
You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 3.5 percent indefinitely. The company just paid a dividend of $3.74 and you feel that the required return on the stock is 12.1 percent. What is the price per share of the company's stock? Multiple Choice O O O $30.91 $43.49 $42.76 $45.01 $40.51
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