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need help with D. and E. b. Calculate the present value of each of the anticipated dividends at a discount rate of 14 percent. (Do

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need help with D. and E.
b. Calculate the present value of each of the anticipated dividends at a discount rate of 14 percent. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) c. Compute the price of the stock at the end of the fourth year (P4). (Do not round intermediate calculations. Round your final answer to 2 decimal places.) d. Calculate the present value of the year 4 stock price at a discount rate of 14 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) to 2 decimal places.) d. Calculate the present value of the year 4 stock price at a discount rate of 14 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) e. Compute the current value of the stock. (Do not round intermediate calculations. Round your final answer to 2 decimal places. Martin Office Supplies paid a $3 dividend last year. The dividend is expected to grow at a constant rate of 5 percent over the next four years. The required rate of return is 14 percent (this will also serve as the discount rate in this problem). a. Compute the anticipated value of the dividends for the next four years. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Answer is complete and correct. b. Calculate the present value of each of the anticipated dividends at a discount rate of 14 percent. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

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