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Spendex Corporation paid a dividend of $ 1 . 1 3 per share today. Dividends are expected to grow at 1 1 . 0 0
Spendex Corporation paid a dividend of $ per share today. Dividends are expected to grow at per year for the next years, then at per year in the following years. After the th year, the growth in dividends is expected to remain constant at As an investor, you require a rate of return on this equity investment. What is the maximum price you would be willing to pay for a share of Spendex?
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