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Assume that the expected future dividends ( D ) at end of periods 1 , 2 , and 3 , as well as the expected
Assume that the expected future dividends D at end of periods and as well as the expected future price P at end of period for a stock are as follows: D $ D $ D $ and P $ What should be the stock's expected price today, ie P Draw a time line clearly indicating the situation. Assume the required return is percent. Answer to decimal places.
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