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Business, 07.06.2020 00:58 Mfcarla

You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 3.6 percent indefinitely. The company just paid a dividend of $3.71 and you feel that the required return on the stock is 12 percent. What is the price per share of the company's stock?

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You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend...
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