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What is the maximum price

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Question - Wildhorse Manufacturing Company has been growing at a rate of 7 percent for the past two years, and the CEO expects the company to continue to grow at this rate for the next several years. The company paid a dividend of $1.50 last year. If your required rate of return is 13 percent, what is the maximum price that you would be willing to pay for this company's stock?

Reference no: EM132966299

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