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Question 5 ( 2 0 pts ) . Varian Co . ' s next dividend is expected to be $ 4 . 5 0 .

Question 5(20 pts). Varian Co.'s next dividend is expected to be $4.50. Dividend
growth is estimated at 20%,15%,8% for the following three years, and then
stabilize to 2%. If the required rate of return is 9%, what will Vito share price be in
year 2?
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