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Moe's Tavern has just gone public and has announced that they will begin paying dividends in ten years. Their first dividend will be $1.50 per
Moe's Tavern has just gone public and has announced that they will begin paying dividends in ten years. Their first dividend will be $1.50 per share and will grow at 5% per year afterward. If you require a return of 18% on their stock, what is the most you would be willing to pay for the stock today? $3.07 $2.60 $2.20 $3.62
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