The Lo Company earned 2.60 per share and paid a dividend of 1.30 per share...
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Accounting
The Lo Company earned 2.60 per share and paid a dividend of 1.30 per share in the year just ended. Earnings and dividends per share are expected to grow at a rate of 5% per year n the future. Determine the value of stock if the required rate of return is 12%, 15%, and given the two answers, how are stock prices affected by changes in investors required rates of return?
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