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6. River Industries paid $2.00 dividends per share. The dividend is expected to increase 10% annually for the next 4 years and 6% in the

6. River Industries paid $2.00 dividends per share. The dividend is expected to increase 10% annually for the next 4 years and 6% in the remaining years. Calculate the expected dividend per share for each of the 6 years. (6 points) 7. Corner Company is estimated to generate $18 million in free cash flow during the first year, and this is expected to grow at a constant rate of 5% per year. The company has no debt or preferred stock and its weighted average cost of capital (WACC) is 9%. Calculate the value per share, considering that the company has $32 million in shares outstanding. (4 points) 8. Calculate the nominal rate of return on a perpetual preferred stock with a par value of $200, a dividend of 9% of the par value, and a current market price of $100. (4 points)

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