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Business, 22.10.2019 21:50 dontcareanyonemo

Ivanhoe corp. paid a dividend of $2.50 yesterday. the company’s dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. if investors in stocks of companies like ivanhoe require a rate of return of 19 percent, what should be the market price of ivanhoe stock? (round dividend to 3 decimal places, e. g. 3.756 and round final answer to 2 decimal places, e. g. 15.25.)

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Ivanhoe corp. paid a dividend of $2.50 yesterday. the company’s dividend is expected to grow at a st...
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