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Business, 21.12.2019 01:31 vanessa2002584
Monn company, a producer of fine liqueurs, has earnings and common stock dividends have been growing at an annual rate of 4 percent over the past several years. the firm currently (t = 0) pays an annual dividend of $4.00. assuming that monn's common stock dividends continue growing at the past rate for the foreseeable future, determine the value of the company's common stock to an investor who requires a 13 percent rate of return on these securities.
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