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Spam.com is expected to pay a $2 cash dividend next year. Short-term prospects for Spam are excellent: 100% growth per year in cash dividend is
Spam.com is expected to pay a $2 cash dividend next year. Short-term prospects for Spam are excellent: 100% growth per year in cash dividend is expected for two years following next year's dividend. After that, a normal growth of 3% per year forever is expected. What is a share of Spam worth today if its required return is 9 54% APY
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