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A firm expects to have the following dividends over the next four years: Year Dividend 1 $ 1 . 2 5 2 $ 1 .
A firm expects to have the following dividends over the next four years:
Year Dividend
$
$
$
$
After year dividends are expected to grow at a rate of year If the required return on the stock is year what is the current share price, P
Express your answer in dollars and cents.
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