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Problem 9 You have until 3:05 PM to complete this assignment. Intro A stock is expected to pay its first annual dividend in 1 years.

Problem 9 You have until 3:05 PM to complete this assignment. Intro A stock is expected to pay its first annual dividend in 1 years. The dividend is expected to stay constant at $1.6 per year for 19 years and then grow at 5% annually forever. The required rate of return is 12%. (hint: non-standard dividends; two-stage) Attempt 1/3 for 10 pts. Part 1 What should be the stock price now? | 11+ decimals Submit

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