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Calculate the present value of a stock if this stock is expected to pay $10.60 dividend in the next three years and then $15 for
Calculate the present value of a stock if this stock is expected to pay $10.60 dividend in the next three years and then $15 for year 4 to year 6, and in year 7 and thereafter it pays $20 constant dividend forever. Assume investors opportunity cost of investment is 10%. Please show work and any formulas used, thank you!!
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