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Mathematics, 09.04.2021 18:10 xjaliw11882
Jenny Banks is interested in buying the stock of Fervan, Inc., which is increasing its dividends at a constant rate of 8.0 percent. Last year the firm paid a dividend of $2.65. The required rate of return is 18.5 percent. What is the current value of this stock? (Do not round intermediate calculations. Round answer to 2 decimal places, e. g. 15.25.) What should be the price of the stock in year 5? (Do not round intermediate calculations. Round answer to 2 decimal places, e. g. 15.25.)
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Jenny Banks is interested in buying the stock of Fervan, Inc., which is increasing its dividends at...
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