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6. Problem (4 parts) Omega Company just paid a dividend of $700, is expected to pay the following dividends over the next five years: $0.00

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6. Problem (4 parts) Omega Company just paid a dividend of $700, is expected to pay the following dividends over the next five years: $0.00 $0.00 $0.00 $0.00, and $4.80. Afterward, the company pledges to maintain a constant 6% growth rate in dividends, forever. The required return on the stock is 10%. What is the current price of Omega Company? 0:56:38 A. You need to solve two equations to solve the current price. What is the future price you need to solve first? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 12.34.) Price B. What is the formula used to solve Part A? Write the number of the formula you used to solve the first part of the problem from your formula sheet Formula here to search ORI (Chapters 6 & 7) Saved 5 C. What is the current price? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 56:01 Current Price D. What is the formula used to solve the current price, Part C? Write the number of the formule you used to solve the second part of the problem from your formula sheet. Formula Number

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