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3. Calculate the current price of a stock which paid a $2.50 dividend at the end of this year. Assume the growth rate for the

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3. Calculate the current price of a stock which paid a $2.50 dividend at the end of this year. Assume the growth rate for the stock is 2% for the next two years and then 3% forever. The required rate of return on the investment is 6%. 4. Draw the timeline for this stock. Show the dividend for years 15 on the timeline

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