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The last dividend on Spirex Corporation's (SRX) common stock was $4.00, and the expected growth...

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The last dividend on Spirex Corporation's (SRX) common stock was $4.00, and the expected growth rate is 10%. If you require a 20% rate of return on this investment, what is the fair price for SRX? $34.00 $38.50 $40.00 $44,00 $48.00

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