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one question. please show work Mack Industries just paid a dividend of $1.50 per share fie, Divo - $1,50). Analysts expect the company's dividend to

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Mack Industries just paid a dividend of $1.50 per share fie, Divo - $1,50). Analysts expect the company's dividend to grow 20 percent this year 1... Div1 = $1.80), 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). 27.82 25.42 36.32 20.19 32.22

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