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Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $1.85 per share next year. The expected annual growth rate in dividends for all three companies' stocksis 3 percent. The expected return for each company's stock is 8.7 percent, 11 percent, and 14 percent, respectively. What is the stock price for each company? (round to two decimals) Jan 09 2014 02:44 PM


Solution ID:609058 | This paper was updated on 26-Nov-2015

Price : $24