What is the maximum price that you would be willing to pay

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Question - MMC has been growing at annual rate upto 7% for the past two years and the company expect the company to continue to grow at this rate for next several year the company paid a dividend of $2.20 last year if your required rate of return was 15%, what is the maximum price that you would be willing to pay for this company's stock.

Reference no: EM131576906

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