The market rate of return on similar securities is 175
An investor wants to purchase shares in a firm that has no growth opportunities but pays an annual dividend of $2.35. The market rate of return on similar securities is 17.5 percent. What is the maximum price the investor should pay for this stock?
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lias inc bonds have a face value of 1000 mature in 17 years pay interest semiannually and have a coupon rate of 635
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