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From the following information calculate the price of the stock. The annual dividends for years 3, 4 and 5 will be $1.00, $1.20 and $1.30,
From the following information calculate the price of the stock. The annual dividends for years 3, 4 and 5 will be $1.00, $1.20 and $1.30, respectively. After year 5, dividends are expected to grow by 3% pa forever.The required rate of return is 10% pa.
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