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Question 25 (CHAPTER 8) A Corporation announced of its plans to pay: $5 dividend per share in 1 year, $10 dividend per share in 2

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Question 25 (CHAPTER 8) A Corporation announced of its plans to pay: $5 dividend per share in 1 year, $10 dividend per share in 2 years, $15 dividend per share in 3 years, after which the dividend will be increasing at a constant annual growth rate of 4 percent. The rate of return for this company is 13%. Calculate the value of one share of stock of this company. Part of the calculation will be finding the Present Value of a (a) regular perpetuity (b) growing perpetuity (c) ordinary annuity (d) annuity due ...with the first dividend being (a) $5 (b) $10 (c) $15 (d) $115.51 (e) $125.11 (f) $130.52 (g) $135.33 (h) $142.78 (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 100.23.) The final numerical answer to this problem is

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