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10. You are considering the purchase of a stock that is currently selling at $60 per share. The stock paid a dividend at the end

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10. You are considering the purchase of a stock that is currently selling at $60 per share. The stock paid a dividend at the end of last year of $5. Calculate the expected return on this stock when dividends are expected to grow at a constant rate of 0, 1, 2, ...,9% per year. Repeat the exercise using the current stock price of $70, $80, $90, $100 per share. What do your calculations imply about the relation between the current stock price and expected return

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