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You are considering purchasing stock in Canyon Echo. You feel the...

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Accounting

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You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 3.9 percent indefinitely. The company just paid a dividend of $3.14 and you feel that the required return on the stock is 101 percent. What is the price per share of the company's stock? Multiple Choice $47.36 $52.62 $49.99 $50.65

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