An issue of common stocks most recent dividend is 150 its, Financial Management

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An issue of common stocks most recent dividend is 150 its

1. Susan Fairfax is president of Reston Industries, a U.S.-based company whose sales are entirely domestic and whose shares are listed on the New York Stock Exchange. The following are additional facts conerning her current situation:

2. An issue of common stock's most recent dividend is $1.50. Its growth rate is 7%. What is its price if the market's rate of return is 8%?

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Financial Management: An issue of common stocks most recent dividend is 150 its

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