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Planned Obsolescence has a product that will be in vogue for six years, at which point the firm will close up shop and liquidate the
Planned Obsolescence has a product that will be in vogue for six years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV1 $2, DIV2 = $3, and DIV3 = $4,DIV 4 = $5,DIV5 = $6,DIV6 = $7. What is the expected stock price in year 3 if the discount rate is 10%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) = - - = Stock price in year 3 ta What is the price an investor is willing to spend on the stock if the investor plans to hold the stock for three years? Today's stock price $
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