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3. Suppose MAZ Inc., just paid a dividend of $3 per share. It is expected that the dividends will grow at a constant rate of
3. Suppose MAZ Inc., just paid a dividend of $3 per share. It is expected that the dividends will grow at a constant rate of 4 percent per year indefinitely. If investors require a 9 percent return on MAZ stock, a. What is the current price today? (2 marks) b. What will the price be in five years? (2 marks)
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