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2. Suppose BTC Inc., just paid a dividend of $2 per share on its stock. It is expected that the dividends will grow at a

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2. Suppose BTC Inc., just paid a dividend of $2 per share on its stock. It is expected that the dividends will grow at a constant rate of 4 percent per year indefinitely. If investors require a 12 percent return on BTC stock, a. What is the current price today? (3 marks) b. What will the price be in three years? (2 marks)

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