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Check My Work (s remai 9-5: Constant Growth Stocks Constant growth valuation Harrison Clothlers stock currently sells for $1
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Answer #1

Expected price=$18*(1+Growth rate)

=18*1.07

=$19.26

Required rate=(D1/Current price)+Growth rate

=[(4*1.07)/18]+0.07

=30.78%(Approx).

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