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A firm expects to pay dividends of $2.00 and $3.50 at the end of each of the next two years, respectively. Beginning in the third
A firm expects to pay dividends of $2.00 and $3.50 at the end of each of the next two years, respectively. Beginning in the third year, the firm plans to increase the dividend by 6 percent each year for the remainder of the firms life. If you require a 10 percent rate of return, how much should you be willing to pay for this stock
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