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Consider four different stocks, all of which have a required return of 13 percent and a most recent dividend of $3.75 per share. Stocks W,

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Consider four different stocks, all of which have a required return of 13 percent and a most recent dividend of $3.75 per share. Stocks W, X, and Y are expected to maintain constant growth rates in dividends for the foreseeable future of 10 percent, O percent, and-5 percent per year, respectively. Stock Z is a growth stock that will increase its dividend by 20 percent for the next two years and then maintain a constant 5 percent growth rate thereafter

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