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Homework answers / question archive / The last dividend on Riverhawk Corporation's common stock was $4

The last dividend on Riverhawk Corporation's common stock was $4

Accounting

The last dividend on Riverhawk Corporation's common stock was $4.00, and the expected constant growth
rate is 10 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? $44.00 $58.50 $80.00 O $95.69 $50.00

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