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1. Estimate the value per share of Lenovo using the dividend discount approach we discussed in class as of March 31, 2009. Assume all cash

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1. Estimate the value per share of Lenovo using the dividend discount approach we discussed in class as of March 31, 2009. Assume all cash flows in subsequent years occur at year-end (e.g., discount 2010 cash flows back one year). (5 points)

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