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Starbucks (SBUX) has committed to returning $25 billion to shareholders during a three-year period. They plan on doing so by paying dividends of $0.41 next
Starbucks (SBUX) has committed to returning $25 billion to shareholders during a three-year period. They plan on doing so by paying dividends of $0.41 next year and increasing it 14% for each subsequent year. At the end of this period, you expect to sell your stock at a market price of $120. What is the price of the stock assuming a 16% expected return? O a. $76.88 O b. $77.92 O c. $73.79 Od. $75.00
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