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Investors require an 9% rate of return on Marks Companys stock . (A). What is the value if the previous dividend was D0 = $1.50

  1. Investors require an 9% rate of return on Marks Companys stock .

(A). What is the value if the previous dividend was D0 = $1.50 and investors expect dividends to grow at a constant annual rate of (1) -2% (2) 3% or (3) 6%?

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