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Category > Business & Finance Posted 02 Aug 2017 My Price 11.00

Motor Homes Inc. (MHI)

Question MC #7

Motor Homes Inc. (MHI) is presently in a stage of abnormally high growth because of a surge in the demand for motor homes. The company expects earnings and dividends to grow at a rate of 20 percent for the next 4 years, after which time there will be no growth (g = 0) in earnings and dividends. The company's last dividend was $1.50. MHI's beta is 1.6, the return on the market is currently 12.75 percent, and the risk-free rate is 4 percent. What should be the current price per share of common stock?


a. $15.17 
b. $17.28 
c. $22.21 
d. $19.10 
e. $24.66

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Status NEW Posted 02 Aug 2017 06:08 PM My Price 11.00

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