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2 Bambi Inc paid an annual dividend of $1.42 a share last month. The company is planning on paying $1.60, $1.80, and $2.03 a share
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Bambi Inc paid an annual dividend of $1.42 a share last month. The company is planning on paying $1.60, $1.80, and $2.03 a share over the next 3 years, respectively. After that, the dividend will be constant at $2.29 per share per year. What is the market price of this stock if the market rate of return is 14 percent? A. $4.16 B. $15.20 c. $18.24 D. $122.19Step by Step Solution
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