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Moodle 5680-108_INTRODUCTION TO FINANCE (FALL 2020) on 6 ered Cashway Lumber recently paid a $0.80 dividend. Dividends are expected to grow at 6 percent per

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Moodle 5680-108_INTRODUCTION TO FINANCE (FALL 2020) on 6 ered Cashway Lumber recently paid a $0.80 dividend. Dividends are expected to grow at 6 percent per year for the foreseeable future. The required rate of return for their stock is 10 percent. Round your answers to two decimals. What is the current price of their stock? ad out of move flag What will the price of their stock be nine years from now? avious page Next page 2

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