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2. A common stock is currently paying an annual dividend of $3. Dividends are expected to grow at 4% and the riskiness of the stock

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2. A common stock is currently paying an annual dividend of $3. Dividends are expected to grow at 4% and the riskiness of the stock warrants a required return of 10%. Calculate the value of the common stock today. If the stock is currently selling for $48 per share, would you buy it? Why or why not

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