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Business, 17.06.2021 03:50 atefah88

Spencer Co.'s common stock is expected to have a dividend of $3 per share for each of the next 9 years, and it is estimated that the market value per share will be $135 at the end of 9 years. If an investor requires a return on investment of 8%, what is the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today

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