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Cortez SA is expecting to pay out a dividend of 2.50 next year. After that it expects its dividend to grow at 7 per cent
Cortez SA is expecting to pay out a dividend of 2.50 next year. After that it expects its dividend to grow at 7 per cent for the next four years. What is the present value of dividends over the next five-year period if the required rate of return is 10% a. 10.76 b. 9.80 c. 11.88 d. 11.50
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