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a) Visa Corp's next dividend will be $1.65 and they will increase it by $1.00 each year for five years. After that they will increase
a) Visa Corp's next dividend will be $1.65 and they will increase it by $1.00 each year for five years. After that they will increase the dividend at 4% forever. The required rate of return is 13%. What is the price of this stock today?
b) What will the price of the stock be in one year?
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