The firm paid a dividend of 37 yesterday d0 if your


You are interested in investing in a company that expects to grow steadily at an annual rate of 5 percent. The firm paid a dividend of $3.7 yesterday (D0). If your required rate of return is 13 percent, what is the most you would be willing to pay for this stock? Round it to two decimal places, e.g., 23.56.

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Financial Management: The firm paid a dividend of 37 yesterday d0 if your
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