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Firm B is expected to pay a $ 2.00 Per Share Dividend on its Common Stock. In each of Years 2 and 3, the Growth
Firm B is expected to pay a $ 2.00 Per Share Dividend on its Common Stock. In each of Years 2 and 3, the Growth Rate is projected to be 5%. Beyond Year 3, the Growth Rate is projected to be 2% per year indefinitely. Given a 10% Cost of Equity, what is today's Price Per Share for Firm B Common Stock.
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