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High Powered Electric Company producers of the finest parts for air conditioners and has common stock that sells for $50. A dividend of $3.00 was paid last year and the are expected to continue to grow at a rate of 8% annually. If investors in High Power Electric require a 14% rate of return, what is the current (intrinsic) value of the asset? a. b. $24 b. d. $3.24 c. c. $54 d. a. $50.00

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Financial Management, Finance

Category:- Financial Management
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