What is value of the common stock if investors require ROR

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Question 1: Herrera Motor Inc. paid a ?$2.50 dividend last year. At a constant growth rate of 4 ?percent, what is the value of the common stock if the investors require a rate of return of 20 ?percent?

The value of the Herrera Motor common stock is ?$__. ?(Round to the nearest? cent.)

Reference no: EM132488290

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