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Page 1: Previous Page Next Page Page 15 of 19 1 Page 2: Question 15 (Mandatory) (2 points) Muray Corp. is expected to pay the

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Page 1: Previous Page Next Page Page 15 of 19 1 Page 2: Question 15 (Mandatory) (2 points) Muray Corp. is expected to pay the following dividends over the next 5 years: $4,6, 3, 8 and 9. Afterwards, the company will maintain a constant 6% growth rate in dividends. Calculate the current price if the required return on stock is 9%. 2 Page 3: A) 229.23 B) 221.22 Page 4 C) 347.87 4 D) 300.75 Page 5 E) 311.74 5 Previous Page Next Page Page 15 of 19

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