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A firm recently paid a 50.50 annual dividend. The dividend is expected to increase by 10 percent in each of the next three years. In

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A firm recently paid a 50.50 annual dividend. The dividend is expected to increase by 10 percent in each of the next three years. In the third year, the stock price is expected to be 5110 . If the required return is 15 percent what is its value? 562.53 $68.95 $73.71 1578.67

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