Craig Corporation has just paid dividends of $2.25 per share, which the company projects will grow at a constant rate of

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answerhappygod
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Craig Corporation has just paid dividends of $2.25 per share, which the company projects will grow at a constant rate of

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Craig Corporation has just paid dividends of $2.25 per share,
which the company projects will grow at a constant rate of 5%
percent forever. If Craig Corporation’s shareholders require
a 10 percent rate of return, what is the price of it’s common
stock.
A. $42.00
B. $36.50
C. $45.75
D. $47.25
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