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Suppose AirPower Co . is expected to pay a dividend of 5 per share over the next three years, that Yvette s required rate of

Suppose AirPower Co. is expected to pay a dividend of 5 per share over the next three years, that Yvettes required rate of return is 14 percent, and that she plans to sell the stock at the end of the three-year time period. Under these circumstances, using the adjusted dividend discount model, the value of the stock today is:47.35 is not correct.

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