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tacobeo tacobeo
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2 years ago
Allston Inc. just paid an annual dividend of $1.00. The expected dividend next year $1.50, and the year after that, $2.00.  After the third year, dividends will grow at a constant rate of 5% per year.  If your required rate of return for Allston is 10%, what is the most you should pay for this stock.

▸ $31.05

▸ $36.73

▸ $37.73

▸ $45.50
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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prospectjayprospectjay
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2 years ago
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tacobeo Author
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2 years ago
You make an excellent tutor!
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Thanks for your help!!
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Thank you, thank you, thank you!
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