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Question 3 (2 points) Pine Grove, Inc., is a thriving young company and it expects no dividends over the next 3 years because the company

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Question 3 (2 points) Pine Grove, Inc., is a thriving young company and it expects no dividends over the next 3 years because the company needs to reinvest its earnings to fund its various projects. The company will pay a $4.3 per share dividend in 4 years and will increase the dividend by 7 percent per year thereafter. If the required return on this stock is 13.3 percent, the current share price should be $ . (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)) Your Answer: Answer Question 4 (2 points) Wonder Trees Inc. expects to pay the next dividend payment of $3.5 per share (D1). The company is expected to maintain a 6 percent growth rate forever. If the company stock currently sells for $35 per share, the required return should be percent. Express in percentage without the % sign, and round it to two decimal places, e.g., 13.45. Your

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