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1.7 In the previous problem, the $15.00 is the stock price in year three. This represents the present value of all dividends from year 4

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1.7 In the previous problem, the $15.00 is the stock price in year three. This represents the present value of all dividends from year 4 and beyond discounted back at the required return of 10%. If you believe that dividends from year 4 and beyond are going to grow at a constant rate, what must this rate be

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