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Past dividends 2015 $1.32 Required return = 11% 2016 $1.44 2017 $1.54 2018 $1.66 2019 $1.76 Use the appropriate dividend model to place a value

Past dividends

2015 $1.32 Required return = 11%

2016 $1.44

2017 $1.54

2018 $1.66

2019 $1.76

Use the appropriate dividend model to place a value on this stock for 2020.

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