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Suppose Ford Motor Company plans to pay a dividend of $ 4 . 7 5 in one year and $ 3 . 0 0 in
Suppose Ford Motor Company plans to pay a dividend of $ in one year and $ in two years. Afterward, the company will not pay any dividend for years. At time the company will pay a dividend of $ per share and will increase the dividend by every yearl thereafter. If Ford's equity cost of capital is what is its current price?
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