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Austin Airlines paid an annual dividend of $1.18 a share last month. The company is planning on paying $2,$3, and $3.5 a share over the
Austin Airlines paid an annual dividend of $1.18 a share last month. The company is planning on paying $2,$3, and $3.5 a share over the next 3 years, respectively. After that, dividends will be growing at 3% per year indefinitely. What is the market price of this stock if the market rate of return is 10 percent? $43.98$17.77$45.62$16.59$51.50 Hide hint for Question 9 Find terminal value P3 first
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