Foreseeable future

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Your uncle will sell you 100 shares of stock for $62.50 per share You expect the company to grow steadily at an annual rate of 6 percent for the foreseeable future. The firm paid a dividend of $2.30 last year. If you require a rate of return of 10 percent, should you buy the stock from your uncle? (Round to the nearest dollar..

Reference no: EM131087976

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