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Question7 1 pts GDL just paid a dividend of $3 per share. You expect dividends to grow at a rate of 11% for the next

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Question7 1 pts GDL just paid a dividend of $3 per share. You expect dividends to grow at a rate of 11% for the next 2 years, 5% the year after that, and then maintain constant growth of 3% forever. If investors require a return of 12% to invest in GDL, how much would they pay for a share of the stock today? Answer to 2 decimal places, for example $100.12

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