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A stock is expected to pay its first $46 dividend in 2 years from now. The dividend is expected to be paid annually forever and
A stock is expected to pay its first $46 dividend in 2 years from now. The dividend is expected to be paid annually forever and grow by -1% pa (note the negative sign). The discount rate is 4% pa. Estimate the current stock price. The current stock price should be: Select one: a. $817.8767 b. $850.5917 c. $884.6154 d. $930.6154 e. $1,022.3458
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