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Consider four different stocks, all of which have a required return of 17 percent and a most recent dividend of $4.50 per share. Stocks W,

Consider four different stocks, all of which have a required return of 17 percent and a most recent dividend of $4.50 per share. Stocks W, X, and Y are expected to maintain constant growth rates in dividends for the foreseeable future of 10 percent, 0 percent, and

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