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Problem #4 (8 Points) B8B inc. just paid a dividend of $11 per share. The firm's cost of equity is 8% per year, and the

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Problem \#4 (8 Points) B8B inc. just paid a dividend of $11 per share. The firm's cost of equity is 8% per year, and the dividend is expected to grow constantly, at a rate of 3% forever. Directions: Compute today's stock price using the Dividend Discount Model (DDM) for constant growth

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