What is the maximum price you would willing to pay for stock, Financial Accounting

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What is the maximum price you would willing to pay for stock

Problem

Last year Artworks, Inc. paid a dividend of $4.40. You anticipate that the company's growth rate is 5 percent and have a required rate of return of 12 percent for this type of equity investment. What is the maximum price you would be willing to pay for the stock?

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Financial Accounting: What is the maximum price you would willing to pay for stock

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Financial Accounting: What is the maximum price you would willing to pay for stock

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