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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

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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 expected to be for each of the next 3 years? b. If the required return is 11%, what is the current price (Po)? What is the estimate of the stock's price 1 year from now (P)? C. 5. A bond pays interest annually, has a par value of $1,000, a coupon rate of 5% and 10 years until it matures. Assuming a market rate of 5%, what is the value of the bond? In years, if the market discount rate is still 5%, what is the value (price)

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