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GM paid a dividend of $1 per share. It is estimated that the dividend will grow at a rate of 10% per ear for the
GM paid a dividend of $1 per share. It is estimated that the dividend will grow at a rate of 10% per ear for the next 3 years, then at a constant rate of 5% thereafter. GE has a required rate of return of 10%. What is your estimate of the current price for GE stock? $30.04 $28.00 $27.04 $31.00 $5.04
GM paid a dividend of $1 per share. It is estimated that the dividend will grow at a rate of 10% per ear for the next 3 years, then at a constant rate of 5% thereafter. GE has a required rate of return of 10%. What is your estimate of the current price for GE stock?
$30.04
$28.00
$27.04
$31.00
$5.04
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