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(4) Alpha Industries is going to pay $.35, 5.50, and $.80 a share over the next three years, respectively. After that, the company has stated

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(4) Alpha Industries is going to pay $.35, 5.50, and $.80 a share over the next three years, respectively. After that, the company has stated that the annual dividend will be $1.25 per share indefinitely. What is this stock worth today at a discount rate of 10 percent? (10 points)

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