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You are considering the purchase of a common stock that just paid a dividend of $2.00 yesterday. You expect this stock to have a growth
You are considering the purchase of a common stock that just paid a dividend of $2.00 yesterday. You expect this stock to have a growth rate of 10 percent for ever. If you require a 15 percent rate of return, how much should you be willing to pay for this stock? [CH-7] a. $78.15 b. $21.50 c. $82.46 d. $40.15 e. $42.00 Select one: a b c d e
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