Author Question: The last dividend on Spirex Corporation's common stock was $4.00, and the expected growth rate is ... (Read 37 times)

Brittanyd9008 · **on:** Apr 25, 2021

Question 1

The last dividend of SPirex Corporation's common stock was $4.00, and the expected growth is 10 percent. If you require a rate of return of 20%, what is the highest price you should be willing to pay for this stock?
◦ $44.00
◦ $38.50
◦ $40.00
◦ $45.69
◦ $50.00

Question 2

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?
◦ $44.00
◦ $38.50
◦ $40.00
◦ $45.69
◦ $50.00

joechoochoy · **Reply #1 on:** Apr 25, 2021

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