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QUESTION 20 If your stock paying annual dividends will pay a dividend D1 at t=1 of $1 and have a growth rate of 10.7% between
QUESTION 20 If your stock paying annual dividends will pay a dividend D1 at t=1 of $1 and have a growth rate of 10.7% between t=1 and t=2, and with a constant growth rate of 3% thereafter into the future, what should be the value of the stock at t=0 if the expected rate of return for the stock is 8.3% (to two decimal places)
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