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Company C has been paying dividend at $0.5 per share for a decade. They plan to keep this dividend for another five years and then

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Company C has been paying dividend at $0.5 per share for a decade. They plan to keep this dividend for another five years and then start to grow their dividend at 2% forever. Suppose the required rate of return is 12%. What is the fair price of Company C's stock today? What is the fair price of Company B's stock in three years? In five years

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