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Accounting Homework Help
Coyote Beauty Products just paid a dividend of $10 (i.e., D0 =10.00). Its dividends are expected to grow at a 5% annual rateforever. If you require a 12% rate of return on investments of thisrisk level, what is the most you should pay for a share of Coyote'sstock?
Question 10 options:
$142.86 |
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$150 |
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$83.33 |
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$87.50 |
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None of the above is within $1 of the correct answer 9. Assume that a constant growth stock is currently selling at itsequilibrium price of $52.50 per share. All else constant, if therequired rate of return of the stock increases, the price of thestock will: Question 9 options:
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