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E14 Pluto Corporation just paid a $1.80 per share annual dividend last month. The company is planning on paying $1.00, $2.00, $3.00, and $3.25 per
E14 Pluto Corporation just paid a $1.80 per share annual dividend last month. The company is planning on paying $1.00, $2.00, $3.00, and $3.25 per share over the next four years, respectively. After that the dividend will be constant at $3.20 per share per year. What is the market price of this stock if the market rate of return is 11%? Multiple Choice Multiple Choice o $12.45 o $27.82 o $2412 o $26.02 o None of the above
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