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Canada Inc. pays an annual dividend of $1.70 per share. If your required rate of return on an equity ...

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Canada Inc. pays an annual dividend of $1.70 per share. If your required rate of return on an equity ...

Canada Inc. pays an annual dividend of $1.70 per share. If your required rate of return on an equity investment is 13%, and Canada Inc.’s expected growth rate is 5%, what should Canada Inc.’s price be?

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$21.78

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$22.04

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$22.31

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$22.75

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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