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A firm recently paid a $0.30 annual dividend. The dividend is expected to increase by 8 percent in each of the next four years. In
A firm recently paid a $0.30 annual dividend. The dividend is expected to increase by 8 percent in each of the next four years. In the fourth year, the stock price is expected to be $60. If the required rate for this stock is 10 percent, what is its value? a. $15.00 b. $20.41 c. $42.13 d. $45.30
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