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Question 5: CBA Company has paid a dividend equal to $2.20 per share for the past 20 years. The firm plans to continue paying a

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Question 5: CBA Company has paid a dividend equal to $2.20 per share for the past 20 years. The firm plans to continue paying a $2.20 dividend for the next three years. Then, beginning fours years from now (i.e., in Year 4), the dividend will be increased by 4 percent and this growth will continue every year thereafter. If investors require a 17 percent rate of return to purchase CBA's common stock, what should be the market value of its stock today

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