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4. A firm just paid $2.50 per share in dividends. Its dividends are expected to grow steadily at 7% per year. a. What are dividends

4. A firm just paid $2.50 per share in dividends. Its dividends are expected to grow steadily at 7% per year. a. What are dividends expected to be for each of the next 3 years? b. If the required return is 11%, what is the current price (P0)? c. What is the estimate of the stocks price 1 year from now (P1)?

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