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please find the correct solution thanks PPR Corporation plans to begin paying dividends in 11 years. The first five dividends will be as follows: D11

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PPR Corporation plans to begin paying dividends in 11 years. The first five dividends will be as follows: D11 = $6.54, D12 = $6.02. D13 = $5.42, D14 = $5.37, and D15 = $5.26 respectively. After five years of dividend payments, dividends are expected to grow at a constant rate of 5.00 percent forever. PPR's required rate of return is 12.00 percent. What is the current price (Po) of PPR common stock? $14.41 $107.51 $21.14 $85.63

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