The last dividend on Spirex Corporation's common stock ws $4.00, and the expected growth rate is 10 percent. If yourequire a rate of return of 20 percent. what is the highest price you should be willing to pay for this stock? $44.00 O$38.50 O$40.00 $45.69
The last dividend on Spirex Corporation's common stock ws $4.00, and the expected growth rate is 10 percent. If yourequire a rate of return of 20 percent. what is the highest price you should be willing to pay for this stock? $44.00 O$38.50 O$40.00 $45.69
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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