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Intro A stock just paid an annual dividend of $2.7. The dividend is expected to grow by 6% per year for the next 4 years.
Intro A stock just paid an annual dividend of $2.7. The dividend is expected to grow by 6% per year for the next 4 years. The growth rate of dividends will then fall steadily by 0.75% per year, from 6% in year 4 to 3% in year 8 and stay at that level forever. The required rate of return is 12%. 18 - Attempt 4/10 for 9.8 pts. Part 1 What is the expected dividend in 8 years? 2+ decimals Submit 8 Attempt 1/10 for 9.8 pts. Part 2 What is the expected stock price in 8 years? 1+ decimals Submit 8 Attempt 1/10 for 9.8 pts. Part 3 What should be the current stock price
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