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Question 29 1 pcs Cortez, Inc., is expecting to pay out a dividend of $2 next year. After that it expects its dividend to grow
Question 29 1 pcs Cortez, Inc., is expecting to pay out a dividend of $2 next year. After that it expects its dividend to grow by 25 cents per year for the next 3 years. What is the present value of dividends over the four year period if the required rate of return is 9 percent? (Do not round intermediate calculations. Round final answer to two decimal places.) O $11.88 O $11.06 0 $9.21 $7.61
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