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13. (1 point) A firm just paid a dividend of $4.75 per share on its stock. The dividends are expected to grow at a constant

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13. (1 point) A firm just paid a dividend of $4.75 per share on its stock. The dividends are expected to grow at a constant rate of 5.80% per year, forever. If investors require a rate of return of 17.30%, compute the stock's fair price in 7 years. Round to the nearest $0.01. 14. ( 2 points) What is an IPO and what are the steps involved in the IPO process. 15. ( 2 points) Identify and explain at least 3 factors that contribute to changes in a stock's price

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