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Show on MS word 5) Imagine that a stock's dividends have grown at a fairly constant rate of 3.5% per year- what would you pay
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Imagine that a stock's dividends have grown at a fairly constant rate of 3.5% per year- what would you pay for this stock if next year's dividend is expected to be $3.40 ? (Assume the market portfolio is earning 8.5% right now.)Step by Step Solution
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