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Suppose a firm's expected dividends for the next four years are as follows: D1 = $1.10, D2 = $1.20, D3 = $1.30, and D4 =
Suppose a firm's expected dividends for the next four years are as follows: D1 = $1.10, D2 = $1.20, D3 = $1.30, and D4 = $1.40,. After four years, the firm's dividends are expected to grow at 5.00 percent per year. What should the current price of the firm's stock (P0) be today if investors require a rate of return of 10.00 percent on the stock? (Do not round intermediate calculations. Round off final answer to the nearest $0.01)
61.3
$16.74
10.10
$24.00
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