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Please show all work PROBLEM 3 (6 MARKS) First Industries Incorporated's most recent cash dividend paid is $4.89 per share. The company's dividend is expected

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Please show all work

PROBLEM 3 (6 MARKS) First Industries Incorporated's most recent cash dividend paid is $4.89 per share. The company's dividend is expected to grow at a constant rate of 6.5 percent per year forever and investors require a 14.5 percent rate of retum a What is the expected price of the share today? Show your work. (3 marks) h What is the expected price of the share 4 years from today? (3 marks) 1

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