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4. [EXCEL problem] You are a summer intern working for a stock analyst who is known for creating extremely precise models of future dividends for

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4. [EXCEL problem] You are a summer intern working for a stock analyst who is known for creating extremely precise models of future dividends for firms in the hospitality sector. (Nobody knows how she does it, but her predictions have turned out to be remarkably accurate in the past.) She hands you the following projected dividends for Company X and asks you to figure out the fair price of the stock today under a range of required returns, from 6% to 24%, by 1% increments. Year 1 2 3 4 5 and forever after Dividend $0.70 $0.80 $0.90 $1.00 $1.20 Price @ 10% Price @ 20%

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