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Question 28 (1 point) Exelon (EXC) is a utility company that provides electric and nuclear power to 15 million customers in the Midwest and Eastern

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Question 28 (1 point) Exelon (EXC) is a utility company that provides electric and nuclear power to 15 million customers in the Midwest and Eastern U.S. Exelon has recently sold one of its plants and is therefore giving an increased dividend next year of $5.00, after that it will go back to paying out $1.54 per share per year forever Dividend one year from now: $5.00 Dividend two years from now and every year thereafter into eternity: $1.54 If Exelon's cost of capital is 6.5%, what does the Dividend Discount Model say should be EXC's stock price (rounded to the nearest dollar)? $8 $27 $77 $102 # 7 w 8

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