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Continuing with Question 9, in addition to the $9 dividend starting six years later, Mark Bank decided to pay a lower amount of $6 annual
Continuing with Question 9, in addition to the $9 dividend starting six years later, Mark Bank decided to pay a lower amount of $6 annual dividend before it. That is, they will pay a $6 annual dividend each year in the next five years, and then starting six years from now, they will pay $9 a year. What is the price of one share of this stock today? Assume that the required return is still 7 percent throughout the whole time horizon.
136.76
153.17
122.69
116.27
118.41
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