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Grandiose Growth has a dividend growth rate of 10%. The discount rate is 8%. The end-of-year dividend will be $1 per share. a. What is
Grandiose Growth has a dividend growth rate of 10%. The discount rate is 8%. The end-of-year dividend will be $1 per share. a. What is the present value of the dividend to be paid in: (i) Year 1? (ii) Year 2? (iii) Year 3? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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