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Problem 5 (12 marks) Consider a company that just paid a dividend a $3 per share. The dividends are expected to grow at the rate

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Problem 5 (12 marks) Consider a company that just paid a dividend a $3 per share. The dividends are expected to grow at the rate of 8% per year for the next 3 years and then at 4% thereafter. a. Draw the timeline for the first 6 years. b. Calculate the expected dividends for the next five years

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