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8. Common Stock Price A common stock will pay a dividend next year ie., at t-1) 2 and t-3), the at 10% per year. After
8. Common Stock Price A common stock will pay a dividend next year ie., at t-1) 2 and t-3), the at 10% per year. After t-3, the dividend will of $5.00. For two years after that (i e., for t dividend will grow grow at 3% per year, forever. If the opportunity cost of capital is 15%, what is the price of the common stock
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