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20. What is the fair value of stock (FIN 361) given the following information: Do $4, required rate of return-10%, growth rate in dividends-year l

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20. What is the fair value of stock (FIN 361) given the following information: Do $4, required rate of return-10%, growth rate in dividends-year l (-20%), year 2 (56%), year 3 (26%) and year 4 (0%). a. 8.33 b. 12.33 c. 16.33 d. 20.33 e. 24.33

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