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Question 6 5 points Save Answer If 1) the expected return for XYZ stock is 9.5 percent; 2) the dividend is expected to be $4.38
Question 6 5 points Save Answer If 1) the expected return for XYZ stock is 9.5 percent; 2) the dividend is expected to be $4.38 in one year, $6.33 in two years, $0 in three years, and $2.54 in four years; and 3) after the dividend is paid in four years, the dividend is expected to begin growing by 4.5 percent a year forever, then what is the current price of one share of the stock? a. An amount less than $45.20 b.An amount between $45.20 and just less than $46.20 C. An amount between $46.20 and just less than $47.20 d. An amount between $47.20 and just less than $48.20 e. An amount equal to or greater than $48.20
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