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A stock will pay the following dividends $220 in one year, $2.40 in 2 years 324 3 years, and $280 inxears. The growth rate in
A stock will pay the following dividends $220 in one year, $2.40 in 2 years 324 3 years, and $280 inxears. The growth rate in dividends every year after dig (forever) will be 7%. The found return is 113 part a) The price 2 years from today, P., skould be part b) The price in 3 years, Ps, should be For each part show your finz/answer first (rounded to 2 dear Vices. Then show supporting work under each answer. Keep at least 6 decimalofon intermediate work. SHOW YOUR WORK for both parts below in order to receive credit Full or partial credit is available, depending on your answers, process and clarity of work shown Examples of how to successfully show your work were provided in advance, on Answers (correct or incorrect without work shown will not receive credit page 3 of the Exam 2 into hle
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