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12) The Hope Company is not currently paying any dividend. It is expected to pay it first dividend of $2 in 4 years and
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12) The Hope Company is not currently paying any dividend. It is expected to pay it first dividend of $2 in 4 years and continue paying the same level of dividend indefinitely,. If the required rate of return on its stock is 13%. a. What is the maximum you would be willing to pay for one of its stock today? b. What would you expect the price to be in 7 years?
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