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Bradley Broadcasting expects to pay dividends of $1.12, $1.25, and $1.40 in one, two, and three years, respectively. After that, dividends are expected to grow
Bradley Broadcasting expects to pay dividends of $1.12, $1.25, and $1.40 in one, two, and three years, respectively. After that, dividends are expected to grow at a constant rate of 5% forever (so, t4 to ?). Stocks of similar risk yield 12%. a. What should the price of Bradley Broadcasting stock be today? b. What is growth rate of the Bradley Broadcasting dividend during year 2? c. How much is Bradley
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