Appropriate required rate of return on the stock

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Reference no: EM131354192

Ocho Inc. announced today it will grow its dividend by 25% for the next 4 years and then will continue indefinitely at 3.5% thereafter. Ocho just paid a dividend today of $1. If you believe the appropriate required rate of return on the stock is 11% what would you be willing to pay for the stock?

Reference no: EM131354192

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