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samualson samualson
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5 years ago
The Western State Company's common stock is expected to pay a $2.00 dividend in the coming year. If investors require a 17% return and the growth rate in dividends is expected to be 8%, what will the market price of the stock be?
A) $11.76
B) $24.00
C) $23.11
D) $22.22
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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guzmanguzman
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samualson Author
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#2
5 years ago
Good timing, thanks!
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