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Past Corporation is a young start-up company. No dividends will be paid on the stock for the first year (D1) and $1.75 is expected for

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Past Corporation is a young start-up company. No dividends will be paid on the stock for the first year (D1) and $1.75 is expected for year 2. The company will then pay a $2.25 per share dividend in year 3 and will increase the dividend by 4% per year thereafter. The required return on this stock is 14%. c. What is the current share price (PO)? $23.40 None of the answers is correct $20.04 $18.66 $21.00

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