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Problem 5 a. Fabulous Chips, Inc. has stock that is selling for $25/share. The stock's last dividend was Do = $1.40. The dividend is expected

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Problem 5 a. Fabulous Chips, Inc. has stock that is selling for $25/share. The stock's last dividend was Do = $1.40. The dividend is expected to grow at 8% per year indefinitely. i. What is the expected stock price one year from now? I ii. What is the estimated required rate of return on the stock

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