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rachel3430 rachel3430
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5 years ago
If a stock's dividend is expected to grow at a constant rate of 4 percent in the future and it has just paid a dividend of $6.00 per share, and you have an alternative investment of equal risk that will earn a 7 percent rate of return, what would you be willing to pay per share for this stock?
A) $6.66
B) $54.55
C) $200.00
D) $208.00
Textbook 
InMacro

InMacro


Edition: 1st
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mtv12mtv12
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5 years ago
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rachel3430 Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
mcraver1
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
noodlelicker
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2 hours ago
Helped a lot
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