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Pluto Corporation just paid a $1.80 per share annual dividend last month. The company is planning on paying $1.00, $2.00, $3.00, and $3.25 a share
Pluto Corporation just paid a $1.80 per share annual dividend last month. The company is planning on paying $1.00, $2.00, $3.00, and $3.25 a share over the next four years, respectively. After that the dividend will be constant at $3.20 per share per year. What is the market price of this stock if the market rate of return is 11 percent? O A 26.02 O B. 24.12 O C. None of the above OD. 12.45 O E. 27.82
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