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Gamma Corp. is expected to pay the following dividends over the next three years: $1.50, $2.50, and $3.50. Afterwards, the company pledges to maintain a
Gamma Corp. is expected to pay the following dividends over the next three years: $1.50, $2.50, and $3.50. Afterwards, the company pledges to maintain a constant 5 percent growth rate in dividends, forever. If the required return on the stock is 10 percent, what is the current share price $77.00 $73.50 $68.65 $61.28 $58.65
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