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You are considering buying common stock in Grow On, Inc. The firm yesterday paid a...

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Finance

You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $4.80. You have projected that dividends will grow at a rate of 10.0% per year indefinitely. If you would want an annual return of 23.0% to invest in this stock, what is the most you should pay for the stock now? $20.87 $36.92 $40.62 $22.96 $44.37
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You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $4.80. You have projected that dividends will grow at a rate of 10.0% per year indefinitely. If you would want an annual return of 23.0% to invest in this stock, what is the most you should pay for the stock now? $20.87$36.92$40.62$22.96$44.37

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