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3. Compute the price of a share of stock that pays a $1 per year dividend and that you expect to be able to sell

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3. Compute the price of a share of stock that pays a $1 per year dividend and that you expect to be able to sell in one year for $20, assuming you require a 15% return. 4. After careful analysis, you have determined that a firm's dividends should grow at 7%, on average, in

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