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Jeffrey Lash, an investor with a required rate of return of 12%, is looking to buy shares of GPB Capital a company that will pay
Jeffrey Lash, an investor with a required rate of return of 12%, is looking to buy shares of GPB Capital a company that will pay its first dividend next year in the amount of $0.43 per share. During the following three years, GPB Capital expects to disburse dividends per share of $0.48, $0.63, and $0.93, respectively. Afterwards, GPB expect dividends will indefinitely grow at 3.1% annually. How much is Jeffrey Lash willing to pay today for one share of GPB Capital? Multiple Choice $2.16 O $11.11 $11.20 $10.77
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