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please show steps ECC Corp. will pay annual dividends of $20 per share for the next 5 years. At the end of year 6, ECC

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ECC Corp. will pay annual dividends of $20 per share for the next 5 years. At the end of year 6, ECC will increase the dividends by 1 % per year forever. The required rate of return on this stock is 6 percent. What is the price of the stock today? WRITE-IN how you got the answer. ETP Corp. paid an annual dividend last year of $8 per share. The company follows policy to raise dividends each year by 2%. The company will be in business for 5 years and not have a liquidating dividend. The required rate of return for this investment is 10% What is the price of this stock today? 31.45 32.07 102.00 100.00

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