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A firm is expected to pay the following dividends over the next five years: $0.50, $1.00, $1.50, $2.00, and $2.50. Afterward, the company pledges to

A firm is expected to pay the following dividends over the next five years: $0.50, $1.00, $1.50, $2.00, and $2.50. Afterward, the company pledges to maintain a constant 3.5 percent growth rate in divi...

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