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Amalgamated Consolidated is expected to pay the following dividends over the next three years: $2, $3, and $4. Afterward, the company pledges to maintain a
Amalgamated Consolidated is expected to pay the following dividends over the next three years: $2, $3, and $4. Afterward, the company pledges to maintain a constant 2 percent growth rate in dividends forever. If the required return on the stock is 9 percent, what is the current share price? (Do not round your intermediate calculations.)
$52.46 | |
$49.65 | |
$56.13 | |
$55.08 | |
$54.03 |
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