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A $2.00 dividend was paid on a stock, last year. Dividends for this share is expected to grow at 6% per year. You expect the
A $2.00 dividend was paid on a stock, last year. Dividends for this share is expected to grow at 6% per year. You expect the stock price to be $30 at the end of Year 2. What is the stocks value today if you expect to earn a 10% return on this investment? Show your workings clearly.
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