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5. Mack Industries just paid a dividend of $1.00 per share (D0=$1.00). Analysts expect the com dividend to grow 20 percent this year (D1=$1,20) and
5. Mack Industries just paid a dividend of $1.00 per share (D0=$1.00). Analysts expect the com dividend to grow 20 percent this year (D1=$1,20) and 15 percent next year. After two years the di is expected to grow at a constant rate of 5 percent. The ruired rate of retum on the company's stox percent. What should be the company's current stock price? Mack Industries just paid a dividend of $1.00 per share (D0=$1.00). Analysts expect the company's dividend to grow 20 percent this year (D1=$1.20) and is percent next year. After two years the dividend is expected to grow at a constant rate of 5 percent. The quired rate of retum on the company's stock is 12 percent. What should be the company's current stock price
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