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II . Dividend Growth Model hat ( P ) 0 = D 1 ( 1 + R ) 2 + D 2 ( 1 +
II Dividend Growth Model
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hat Michael's, Inc., just paid $ to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by percent. If you require a rate of return of percent, how much are you willing to pay today to purchase one share of the company's stock? show all work.
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