Assuming investors require a 12 rate of return on their


Sellhigh Inc. just paid a dividend of $2.28 per share, and dividends are expected to grow at a constant rate of 4%, forever. Assuming investors require a 12% rate of return on their investment, calculate the price per share. (Round to 2 decimals)

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Financial Management: Assuming investors require a 12 rate of return on their
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