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Hello, I need help with my finance hw. If someone can please show me how it is done with the work, that would be deeply
Hello, I need help with my finance hw. If someone can please show me how it is done with the work, that would be deeply appreciated:
Company XYZ just paid an annual dividend of $5 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a 13 percent return on the stock for the first 3 years, a 9 percent return for the next 3 years, a 7 percent return thereafter. What is the current price per share?
A. $212.40
B. $220.54
C. $223.09
D. $226.84
E. $227.50
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