14. With an annual rate of 15%: (a) Price a common stock with an annual dividend growth...

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14. With an annual rate of 15%:

(a) Price a common stock with an annual dividend growth rate of 10% if the next dividend, due tomorrow, is expected to be $5.

(b) What is the price of the stock in part

(a) if dividends are projected to grow for only 5 years at the 10% rate, then decrease to a growth rate of 5%?

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