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A broker offers to sell shares of ABC stock which pay a dividend of $5 per share. The dividend is expected to grow at a

A broker offers to sell shares of ABC stock which pay a dividend of $5 per share. The dividend is expected to grow at a constant rate of 3% per year. The stocks required rate of return in 10%.

What is the expected dollar dividend over the next two years?

What is the current value of the stock and the expected stock price at the end of each of the next two years?

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