Investors require a rate of return of 12 percent at what

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Investors require a rate of return of 12 percent. At what price will the stock sell if the next expected dividend D1 is $1 per share and investors expect the dividends and earnings to grow (a) at 8 percent; (b) at 10 percent; (c) at 12 percent; and (d ) at 14 percent?

Reference no: EM13484376

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