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Starbucks, Inc. just paid a dividend of $10.45. You expect that dividends will grow by 3 percent for the next year, then you expect dividends
Starbucks, Inc. just paid a dividend of $10.45. You expect that dividends will grow by 3 percent for the next year, then you expect dividends will stay flat at $4.70 for eight years, and then after that dividends grow at1.8% rate indefinitely, what would you be willing to pay for a share of stock if the required return is 6 percent?
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