Problem 9.10 Your answer is incorrect. Try again. Ivanhoe Corp. paid a dividend of $2.50...
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Problem 9.10 Your answer is incorrect. Try again. 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.) Market price 17.50 Question Attempts: 1 of 2 used
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