(Answered) You forecast that itt will pay a dividend of 240 next year

Economics

You forecast that ITT will pay a dividend of $2.40 next year and that dividends will grow at a rate of 9 percent a year. What price would you expect to see for ITT stock if the market capitalization rate is 15 percent?

If the price of ITT is $30, what market capitalization rate is implied by your forecasts of problem 16?

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