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Answer the following in Excel. Show your work UL Company (ULC) paid a common stock dividend of $2.50 per share just now. ULC plans to
Answer the following in Excel. Show your work
UL Company (ULC) paid a common stock dividend of $2.50 per share just now. ULC plans to reduce its common stock dividend to $2.00 next year, then pay dividends of $3.00 the following three years, and finally settle on a dividend growth rate of 5% for the rest of the companys life. If investors in companies of similar risk require a 9.75% rate of return, what is the value of LC common stock today?
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