If your required return on equity investments is 78 what is, Financial Management

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If your required return on equity investments is 78 what is

Fake Company Lambda just paid a large dividend to common shareholders of $1.04. Company executives also announced a plan to keep the dividend growing at 2.3% for the foreseeable future. If your required return on equity investments is 7.8%, what is an appropriate price for you to pay for this stock?

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Financial Management: If your required return on equity investments is 78 what is

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Financial Management: If your required return on equity investments is 78 what is

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