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8-6. Constant Growth Valuation A stock's most recent dividend was $1.80. The dividend is expected to grow by 6% and investors require an 11% return

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8-6. Constant Growth Valuation A stock's most recent dividend was $1.80. The dividend is expected to grow by 6% and investors require an 11% return for holding the shares 1. What is the value of the stock? 2. What proportion of the stock's value is derived from the first five years of dividends

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