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DC Motors recently paid $1.10 as its annual dividend. Future dividends are projected at $1.06 $1.02, and $1.00 over the next three years, respectively. After
DC Motors recently paid $1.10 as its annual dividend. Future dividends are projected at $1.06 $1.02, and $1.00 over the next three years, respectively. After that, the dividend is expected to decrease by 2 percent annually. What is one share of this stock worth at a rate of return of 17 percent?
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