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If you require a 14% rate of return, how much are you willing to pay for the following stock? D1 = $1.20 D2 = $1.40
If you require a 14% rate of return, how much are you willing to pay for the following stock? D1 = $1.20 D2 = $1.40 D3 = $1.60 D4 = $1.80 D5 = $2.00 and dividends are expected to grow thereafter at a constant annual rate of 6%.
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