The last annual dividend on kcbt corporations common stock, Financial Management

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The last annual dividend on kcbt corporations common stock

The last annual dividend on KCBT Corporation's common stock, paid yesterday, was $0.50. If you require a rate of return of 10 percent, If you expect the dividends on KCBT to grow at a constant rate of 9 percent, what is the highest price you should be willing to pay for this stock?

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Financial Management: The last annual dividend on kcbt corporations common stock

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