Find what is the value of a share of stock of fast wheels

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Question 1: Fast Wheels, Inc. expects to pay a annual dividend of $0.72 next year. Dividends have been growing at a compounded annual rate of 6 percent and are expected to continue growing at that rate. What is the value of a share of stock of Fast Wheels to an investor who requires a 14 percent rate of return?

Reference no: EM132513426

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