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please explain briefly and timeine if possible 3. Pulling out the dividend history of Company B, you find out that Company B has been increasing

image text in transcribed please explain briefly and timeine if possible
3. Pulling out the dividend history of Company B, you find out that Company B has been increasing its dividend at 0.2% for the past 6 years. You predict this growth rate (0.2%) will stay at this level for another 5 years. After that, the dividend will be constant forever. Suppose the dividend just paid is 0.6. The required return for this stock is 6%. What is the fair price of Company B's stock? What is the fair price of Company B's stock in ten years

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