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Part B. 1. MRNI Inc. has dividend payments with constant growth and is expected to pay dividend of $4.15 by the end of the year.

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Part B. 1. MRNI Inc. has dividend payments with constant growth and is expected to pay dividend of $4.15 by the end of the year. If the current stock price is $65 and the required rate of return is 11%, what is the dividend growth rate and what is the stock price two years from now? Interpret (6 marks)

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