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IBM just paid an annual dividend of $3.2 per share. The dividend is expected to grow by 3% per year. The required rate of return
IBM just paid an annual dividend of $3.2 per share. The dividend is expected to grow by 3% per year. The required rate of return is 12%.
Attempt 3/6 for 5 pts.
Part 1
What is the best estimate of the stock's value?
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Attempt 1/6 for 5 pts.
Part 2
What is the best estimate of the stock's value in 5 years?
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