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1. A share of common stock has current price of $82.50 and is expected to grow at a constant rate of 10%. If you require a 14% rate of return, what is the first expected dividend on this stock?

2. The last dividend on Sprex Corp. common stock was $4.00 and the expected growth rate is 10%. If you require a rate of 20%, what is the highest price you should be willing to pay for this stock?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92750627

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