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Southern Copper is expected to pay its first annual dividend five years from now. That payment will be $2.10 a share. Starting in year six,
Southern Copper is expected to pay its first annual dividend five years from now. That payment will be $2.10 a share. Starting in year six, the company will increase the dividend by 2 percent per year. The required return is 15 percent. What is the value of this stock today? Select one: a. $8.18 b. $9.23 c. $10.29 d. $12.09 e. $13.63
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