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A company is going to pay a $2 dividend every year for the next 10 years. After that, the dividend will grow at a rate
A company is going to pay a $2 dividend every year for the next 10 years. After that, the dividend will grow at a rate of 2% forever. a. If we assume a constant interest rate of 5%, calculate the stock price. b. If the interest rate were to go up 10%, will the stock price be higher or lower
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