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Hunter Petroleum Corporation paid a $9 dividend last year. The dividend is expected to grow at a constant rate of 6 percent forever. The required
Hunter Petroleum Corporation paid a $9 dividend last year. The dividend is expected to grow at a constant rate of 6 percent forever. The required rate of return is 17 percent (this will also serve as the discount rate in this problem). (Use a Financial calculator to arrive at the answers.) a. Compute the anticipated value of the dividends for the next three years. (Do not round intermediate calculations. Round the final answer to 3 decimal
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