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Grandiose Growth has a dividend growth rate of 20%. The discount rate is 8%. The end- of-year dividend will be $3 per share. a. What

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Grandiose Growth has a dividend growth rate of 20%. The discount rate is 8%. The end- of-year dividend will be $3 per share. a. What is the present value of the dividend to be paid in year 1? Year 2? Year 3? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Present Value Year 1 Year 2 Year 3

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