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Question 21 (3 points) Miller Corporation's most recently recorded dividend payment was $8. Dividend growth is estimated to grow at a rate of 14%, 20%,

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Question 21 (3 points) Miller Corporation's most recently recorded dividend payment was $8. Dividend growth is estimated to grow at a rate of 14%, 20%, 18% in periods 1, 2, and 3, respectively, and then will stabilize to 3% forever. The required rate of return is 10%. a. Calculate the dividends in the first, second, third, and fourth years. Show all your work. (1 point) b. Using your answers in a), calculate what price would you be willing to pay for this stock today. Show all your work. (2 points) I AY Previnis Dace

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