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A firm expects to pay dividends at the end of each of the next five years of $3.00, $2.00, $1.00 $5.00, and $7.00. Growth rate
A firm expects to pay dividends at the end of each of the next five years of $3.00, $2.00, $1.00 $5.00, and $7.00. Growth rate is then expected to be at 5 % constantly. If you require a 12 percent rate of return, what is the value of this firms stock? (Round Up, Two Decimals)
Answer is a. $71.71
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