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Question- Toyota Corporation paid $3 dividend last year. The dividend is expected to grow at a rate of 2% for the coming 3 years

Question- Toyota Corporation paid $3 dividend last year. The dividend is expected to grow at a rate of 2% for the coming 3 years and 2% thereafter and forever. The required rate of return is 9%. [6 marks] Required: A-Calculate Toyota stock price today. B-Would you like to buy Toyota stock if the market price is BD 35, and why? (4 marks) (2 marks)

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