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BNI stock offers a $5 perpetual dividend. UNP offers to pay a $2.50 dividend next year, and additional dividends will grow at an annual rate

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BNI stock offers a $5 perpetual dividend. UNP offers to pay a $2.50 dividend next year, and additional dividends will grow at an annual rate of 8.0%. Which stock will have the highest price, if the required rate of return for both is 15 percent? o Which stock will have the highest price, if the required rate of return for both is 20 percent

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