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Spellbound Inc. will pay a dividend of $1.50 next year, after which the dividends will grow at a rate of 3% per year indefinitely. What
Spellbound Inc. will pay a dividend of $1.50 next year, after which the dividends will grow at a rate of 3% per year indefinitely. What is the likely price of Spellbound's shares next year if its investors expect a 8% return on their investments? a. $30 approximately b. $29 approximately c. $32 exactly d. $31 approximately
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