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eens Corporation (QC) has the following expected dividends per share: $1 in one year, 1) Qu $2 in two years, and $3 in three years.

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eens Corporation (QC) has the following expected dividends per share: $1 in one year, 1) Qu $2 in two years, and $3 in three years. After t 5% per year forever (so that year 4's dividend will be 5% more than $3 and so o equity cost of capital is 10%. a) Show that we expect the stock price to be $63.00 at the beginning of the 4th year hat, its dividends are expected to grow at n). QC's b) What is the current stock price? Hint: Discount the 3 dividends and the price in a)

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