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Your Friend Has Recommended That You Purchase Stock in Company

question 88

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Your friend has recommended that you purchase stock in company XYZ.It is expected to pay a $4 dividend,and has historically grown at 5%.If the required rate of return is 12%,what is the estimated value of a share of XYZ stock?


Definitions:

Special Order

A customer request for goods or services that are not normally offered or stocked by a business.

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