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3. Stock with Dividend Growth II A company considers issuing a stock today. The first dividend D will be paid in year 5 , and
3. Stock with Dividend Growth II A company considers issuing a stock today. The first dividend D will be paid in year 5 , and from then, dividends are expected to grow at 6% per year (there will be no dividends in year 1 through 4 ). The equity cost of capital is 8%. If the company wants to raise $30 per share today, how much should D be
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