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A REIT currently pays a dividend of $10 per share. The dividend is projected to increase by 4% next year and continue to increase by

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A REIT currently pays a dividend of $10 per share. The dividend is projected to increase by 4% next year and continue to increase by 4% per year thereafter. Assuming that the required rate of return is 10.5%, what value would the Dividend Discounted Cash Flow method provide? \begin{tabular}{c} $71.00 \\ \hline$144.25 \\ \hline$60.50 \\ \hline$160.00 \end{tabular}

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