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13
Multiple Choice
3 points
Asonia Company will pay a dividend of \( \$ 3.90, \$ 8.05, \$ 10.90 \), and \( \$ 12.65 \) per share for each of the next four years, respectively. The company will then close its doors. If investors require a return of 11 percent on the company's stock, what is the stock price?
\( \$ 38.83 \)
\$26.35
\$29.27
\$31.52
\$33.25
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14
Multiple Choice
3 points
Knightmare, Incorporated, will pay a dividend of \( \$ 6.65, \$ 10.75 \), and \( \$ 13.95 \) per share for
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