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A stock has an expected annual return of 7 . 0 6 % and is expected to pay annual dividends forever. The first annual dividend
A stock has an expected annual return of and is expected to pay annual dividends forever. The first annual dividend is expected in year and all subsequent annual dividends are expected to grow at a constant rate of per year. The dividend expected in year from today is expected to be $ What is the present value as of today of the dividend that is expected to be paid in years from today?
$plus or minus cents
$plus or minus cents
$plus or minus cents
$plus or minus cents
the answer cannot be obtained based on the given information
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