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Please do it by type not pics. 1.A firm recently paid a $0.65 annual dividend. The dividend is expected to increase by 10 percent in
Please do it by type not pics.
1.A firm recently paid a $0.65 annual dividend. The dividend is expected to increase by 10 percent in each of the next four years. In the fourth year, the stock price is expected to be $30.
If the required return for this stock is 13.5 percent, what is its current value?
current value =
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