The expected growth rate is 8 percent if you require a rate

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The last dividend on Spirex Corporation's common stock was $3.75, and the expected growth rate is 8 percent. If you require a rate of return of 15 percent, what is the highest price you should be willing to pay for this stock?

a. $44.00

b. $38.50

c. $40.00

d. $45.69

e. $57.86

Reference no: EM13478662

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