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Amalgamated Industries is expected to pay the following dividends over the next three years: $ 1 . 7 5 , $ 3 . 5 0

Amalgamated Industries is expected to pay the following dividends over the next three years: $1.75, $3.50, and $6.0. Afterward, the company pledges to maintain a constant 3.14 percent growth rate in dividends forever. If the required return on the stock is 11.65 percent, what is the current share price? (Do not round your intermediate calculations.)
Question 17 options:
$59.11
$57.17
$62.76
$60.93
$56.67
Amalgamated Industrial is growing quickly. Dividends are expected to grow at a 10 percent rate for the next 4 years, with the growth rate falling off to a constant 4.25 percent thereafter. If the required return is 11.5 percent and the company just paid a $2.40 dividend. what is the current share price? (Do not round your intermediate calculations.)
Question 16 options:
$40.71
$41.97
$42.81
$38.61
$39.87

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