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Business, 10.08.2021 01:20 daisylaloca

Ecology Labs Inc. will pay a dividend of $5.25 per share in the next 12 months (D1). The required rate of return (Ke) is 22 percent and the constant growth rate is 10 percent. Required:
a. Compute the price of Ecology Labs' common stock.
b. What will be the new price?

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