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A company pays a current divident (Do) of $1.20 per share on its common stock. The annual dividend will increase by 3%, 4% and 5%,
A company pays a current divident (Do) of $1.20 per share on its common stock. The annual dividend will increase by 3%, 4% and 5%, respectively, over the next three years, and then by 6% thereafter. The appropriate discount rate is 12%. What is the capital gain (or loss) on the stock over the past year
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