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3. Common stocks for Daily Planet Advertising and News Corporation just paid dividends of Php 11.50 per share. This is P1.50 higher than last year's

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3. Common stocks for Daily Planet Advertising and News Corporation just paid dividends of Php 11.50 per share. This is P1.50 higher than last year's dividend payments. Assuming the growth rate remains constant, determine the dividend payment three years from now. (Ans. P17.49/share)

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