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Please format in Excel. Thanks! Example O You are considering buying a stock that is expected to pay a dividend of $2.25 per share in

Please format in Excel. Thanks!

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Example O You are considering buying a stock that is expected to pay a dividend of $2.25 per share in 1 year, $2.65 in 2 years, and $3.12 in 3 years. 1 After year 3 the dividend grow at 5% per year. Assuming the required rate of returns is 11% how much are you willing to pay for the stock ? O

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