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QUESTION
What is the value of a share of stock of HOV iNC. TO AN INVESTOR WHO REQUIRES A 12 PERCENT RATE OF RETURN IF hov'S CURRENT DIVIDEND IS $1.20?
What is the value of a share of stock of HOV iNC. TO AN INVESTOR WHO REQUIRES A 12 PERCENT RATE OF RETURN IF hov'S CURRENT DIVIDEND IS $1.20? aSSUME EARNINGS AND DIVIDENDS ARE EXPECTED TO GROW AT A COMPOUND ANNUAL RATE OF 7 PERCENT.
