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Author Question: The last dividend on Spirex Corporation's common stock was 4.00, and the expected growth rate is 10. ... (Read 68 times)

Frost2351

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on: Jul 10, 2018
The last dividend on Spirex Corporation's common stock was 4.00, and the expected growth rate is 10. If you require a rate of return of 20, what is the highest price you should be willing to pay for this stock?
 
  A) 44.00
  B) 38.50
  C) 40.00
  D) 45.69
  E) 50.00

Question 2

Determine the effective annualized cost of forgoing the trade discount on terms 2/15 net 65.
 
  A) 11.30 B) 32.6 C) 14.69 D) 48.98


juiceman1987

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Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

C


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