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At what price would you be willing to buy the stock

Question:

Assume that a company's stock is currently priced at $24.50, its last dividend was $1.55, and you think that the company is capable of 8% growth indefinitely. If you require a 15% return, at what price would you be willing to buy this stock?

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Finance Basics: At what price would you be willing to buy the stock

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Finance Basics: At what price would you be willing to buy the stock

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