You are considering the purchase of common stock that just paid a dividend of $6.50 per share.Security analysts agree with top management in projecting steady growth of 12% in dividends and earnings over the foreseeable future.Your required rate of return for stocks of this type is 18%.How much should you expect to pay for this stock?
A)$86
B)$94
C)$108
D)$121
E)$242

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The Answer of You are considering the purchase of common stock that just paid a dividend of $6.50 per share.Security analysts agree with top management in projecting steady growth of 12% in dividends and earnings over the foreseeable future.Your required rate of return for stocks of this type is 18%.How much should you expect to pay for this stock?
A)$86
B)$94
C)$108
D)$121
E)$242

You Are Considering the Purchase of Common Stock That Just