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Company Y will pay a dividend of $0.40 this coming year (year 1). If you expect Company Y's dividend to grow by 8% per year,

Company Y will pay a dividend of $0.40 this coming year (year 1). If you expect Company Y's dividend to grow by 8% per year, what is its current price per share if the firm's equity cost of capital is 13%. $1.90 $8.00 $8.64 $3.08

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