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Question 5 (5 points) Ernie Banks Corp.just paid a dividend of $1 per share and plans to pay dividends of $1.5 per share for the

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Question 5 (5 points) Ernie Banks Corp.just paid a dividend of $1 per share and plans to pay dividends of $1.5 per share for the next 5 years. After that, it expects to increase dividends by 5% indefinitely. An appropriate required return for the stock is 15%. Using the multistage DDM, the stock should be worth today. $13.90 $25.25 $12.86 $15.75 $26.92

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