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33. Sedgwick, Inc. has a 12% required rate of return. It does not expect to initiate dividends for fifteen years, at which time it will

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33. Sedgwick, Inc. has a 12% required rate of return. It does not expect to initiate dividends for fifteen years, at which time it will pay $2.00 per share in dividends. At that time, Sedgwick expects its dividends to grow at 7% forever. If you currently own the stock and will sell it following the first dividend, what is your estimated selling price at T15? a. $42.80 b. $33.40 c. $31.20 d. $30.00

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