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You recently bought stock in UWM, a new for-profit company. As a savy investor. you require a stock return of 20%. You were comfortable buying

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You recently bought stock in UWM, a new for-profit company. As a savy investor. you require a stock return of 20%. You were comfortable buying this stock because the company said they would pay a dividend of $16 per share starting next year. They have promised an annual growth rate of 7%. What price did you pay based on this information? Question 8 2 pts Using the information from the prior question. what would be the price if the $16 dividend was payable in 2 years

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