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Rework Table 7 . 4 for horizon years 1 , 2 , 3 , and 1 0 , assuming that investors expect the dividend and

Rework Table 7.4 for horizon years 1,2,3, and 10, assuming that investors expect the dividend and the stock price to increase at only 6% a year and that each investor requires the same 12% expected return. The company will pay a dividend of $3.60 at the end of the first year.
What value would an investor place on the stock?
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
\table[[\table[[Horizon],[(years)]],\table[[PV],[(Dividends)]],\table[[PV (Terminal],[Price)]],\table[[Value per],[Share]]],[1,,,],[2,,,],[3,,,],[10,,,]]
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