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A firm just paid an annual dividend of $1.40 and increases that dividend by 2 percent each year. How do you find the price of

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A firm just paid an annual dividend of $1.40 and increases that dividend by 2 percent each year. How do you find the price of the firm's stock at year 4 if the discount rate is 13 percent? Click the answer you think is right. P =($1.40 * 1.02)/(0.13 -0.02) P. = ($1.40 x 1.02%)/(0.13 -0.02) P. = ($1.40 x 1.02%)/(0.13 -0.02) P. = ($1,40 x 1.02%)/(0.13 0.02) 20.02)

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