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need asap please 11. Home Services issued common stock. The company has just announced that will pay a dividend of $2.27 a share next year,
need asap please
11. Home Services issued common stock. The company has just announced that will pay a dividend of $2.27 a share next year, $3.80 in two years and $3.90 in three year. After the third year, the company will increase the dividend by a constant 3% every period. What is the current price of a share of this stock if we know that the required rate is 6.1%? (7 points)Step by Step Solution
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