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2) Google has just paid a dividend of $5.00 on its stock. Its dividends are expected to grow at a 20 percent rate for the

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2) Google has just paid a dividend of $5.00 on its stock. Its dividends are expected to grow at a 20 percent rate for the next two years (Year 2021 and 2022), with the growth rate falling off to a 10 percent thereafter (from Year 2023). I) What is the dividend at Year 2023? (30points) II) Given the required return of 30 percent, figure out the stock price in 2022 (SP). (30points) t III) Given the required return of 30 percent, figure out the stock price in 2020 (SP) based on both the stock price at Year 2022 and dividends at Year 2021 and 2022. (30points)

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