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Car Parts Center recently announced that it will pay annual dividends at the end of the next two years of $1.20 and $1.35 per share,
Car Parts Center recently announced that it will pay annual dividends at the end of the next two years of $1.20 and $1.35 per share, respectively. Then, in Year 5 it plans to pay a final dividend of $11.75 a share before closing its doors permanently. At a required return of 17 percent, what should this stock sell for today? Multiple Choice $1.18 $14.14 $7.37 $11.27 $10.64
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