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1 please show all your work 1. Company X is expected to pay an year-end dividend [D11of $8 a share on its common stock. After

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1 please show all your work
1. Company X is expected to pay an year-end dividend [D11of $8 a share on its common stock. After the dividend payment the stock is expected to sell at $100 per share. The required rate of return on the common stock is 20%. Then, calculate the current price of the stock

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