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Grandiose Growth has a dividend growth rate of 10%. The discount rate is 9%. The end-of-year dividend will be $4 per share. What is the

Grandiose Growth has a dividend growth rate of 10%. The discount rate is 9%. The end-of-year dividend will be $4 per share.

What is the present value of the dividend to be paid in:

(i) Year 1?

(ii) Year 2?

(iii) Year 3?

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