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Business, 16.10.2019 23:30 danny123421

Fowler, inc., just paid a dividend of $2.40 per share on its stock. the dividends are expected to grow at a constant rate of 6.25 percent per year, indefinitely. assume investors require a return of 12 percent on this stock. a. what is the current price? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. what will the price be in four years and in sixteen years? (do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)

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Fowler, inc., just paid a dividend of $2.40 per share on its stock. the dividends are expected to gr...
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