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Lifecycle Motorcycle Company is expected to pay a dividend of $ 2 in year 1 , a dividend of $ 3 in year 2 ,
Lifecycle Motorcycle Company is expected to pay a dividend of $ in year a dividend of $ in year and a dividend of $ in year After year dividends are expected to grow at the rate of per year. An appropriate required return for the stock is Using the twostage DDM the stock should be worth $ today. Round your answer to two decimal places.
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