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July 29, 2014

Homework Help: FINANCE

Posted by Teresa on Saturday, February 12, 2011 at 6:31pm.

General Cereal common stock dividends was $0.79 in 2000 and the last dividend paid was $1.55 per share in 2010. Dividends are expected to continue growing at the historic rate for the foreseeable future.

What is the General Cerealís current value of a share of this stock to an investor who requires a 12 percent rate of return ?(5)

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