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1. An investor is contemplating on buying a stock today. The stock's next dividend is $10 per share and he requires a 15% return on

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1. An investor is contemplating on buying a stock today. The stock's next dividend is $10 per share and he requires a 15% return on the investment. The dividend increases by 15% per year. What is the value of the stock today and in 3 years? If the stock is selling at $90 is it worth buying? Why? (10 points)

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