Last year Artworks, Inc. paid a dividend of $3.50. You anticipatethat the company's growth rate...

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Accounting

Last year Artworks, Inc. paid a dividend of $3.50. You anticipatethat the company's growth rate is 10 percent and have a required rate of return of 15 percentfor this type of equity investment. What is the maximum price you would be willing to payfor the stock

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