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(2) The company B will pay a quarterly dividend per share of $0.50 at the end of each quarter for the next 4 years. Thereafter,

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(2) The company B will pay a quarterly dividend per share of $0.50 at the end of each quarter for the next 4 years. Thereafter, the dividend will grow at a quarterly rate of 1.2%, forever. The appropriate rate of return on this stock is 12% with quarterly compounding. What is the current stock price for company B

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