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Consider a share of equity in the Aphrodite Conglomerate. In two years, it is expected to be worth $ 8 5 . It is expected

Consider a share of equity in the Aphrodite Conglomerate. In two years, it is expected to
be worth $85. It is expected to pay dividends of $4 this year, and $5 next year.
Determine the current value of the equity if:
a. Market rates are 5%.
b. Market rates are 8%.
c. Market rates are 3%.
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