Investors require a 18% rate of return on Levine Company's stock (i.e., rs = 18%)....
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Accounting
Investors require a 18% rate of return on Levine Company's stock (i.e., rs = 18%).
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What is its value if the previous dividend was D0 = $2.25 and investors expect dividends to grow at a constant annual rate of (1) -2%, (2) 0%, (3) 2%, or (4) 13%? Do not round intermediate calculations. Round your answers to two decimal places.
(1) $
(2) $
(3) $
(4) $
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