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Citicorp is expected to pay the following dividends over the next three years: $5, $7, and $3. Afterwards, the company pledges to maintain a constant
Citicorp is expected to pay the following dividends over the next three years: $5, $7, and $3. Afterwards, the company pledges to maintain a constant 6 percent rate in dividends, forever. If the required return on the stock is 10 percent, what is the current share price?
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