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one question. please show work Mack Industries just paid a dividend of $2.00 per share (.e. Divo = $2.00). Analysts expect the company's dividend to

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Mack Industries just paid a dividend of $2.00 per share (.e. Divo = $2.00). Analysts expect the company's dividend to grow 20 percent this year (t.e., Div 1 = $2.40), and 15 percent next year, and 10 percent the year after. After three years the dividend is expected to grow at a constant rate of 5 percent. The required rate of return on the company's stock is 12 percent. Calculate the expected price of the stock (PO). 35 23 38.92 42.11 44.50 45.50

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