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You are considering buying a zero growth stock. If the firm pays a $3.70 annual dividend, and your ...

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You are considering buying a zero growth stock. If the firm pays a $3.70 annual dividend, and your ...

You are considering buying a zero growth stock. If the firm pays a $3.70 annual dividend, and your required rate of return is 16%, what is the maximum price you would pay for this stock?

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$22.31

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$22.50

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$23.13

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$24.03

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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More solutions for this book are available here

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