10. Macro Systems just paid an annual dividend of $0.32 per share. Its dividend is expected to...
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10. Macro Systems just paid an annual dividend of $0.32 per share. Its dividend is expected to dou- ble for the next four years (D, through D), after which it will grow at a more modest pace of 1% per year. If the required return is 13%, what is the cur- rent price?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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