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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 per share over the next three years, that Yvettes required rate of return is percent, and that she plans to sell the stock at the end of the threeyear time period. Under these circumstances, using the adjusted dividend discount model, the value of the stock today is: is not correct.
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