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Indiana Electric Company (IEC) pays $1.25 per year in dividends, has done so for many years, and we expect it to continue doing so

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Indiana Electric Company (IEC) pays $1.25 per year in dividends, has done so for many years, and we expect it to continue doing so well into the future. If our expected rate of return is 6%, how much would we be willing to pay for the stock? If the stock were selling for $20, would we consider it a potentially good investment? Which dividend discount model did you use?

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