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QUESTION 3 Over the past 6 years, a local firm has paid annual dividends of $1.89, $2.23, $2.33, $2.75, $3.07, and $3.32. What is the

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QUESTION 3 Over the past 6 years, a local firm has paid annual dividends of $1.89, $2.23, $2.33, $2.75, $3.07, and $3.32. What is the arithmetic average dividend growth rate? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) QUESTION 4 Bil's Bakery expects earings per share of $2 59 next year. Current book value is $3.80 per share. The appropriate discount rate for Bill's Bakery is 8.5 percent. Calculate the share price for Bill's Bakery if earnings grow at 4.3 percent forever. (Do not round Intermediate calculations. Round your answer to 2 decimal places.)

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