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Suppose you expect a stock's dividend to grow at 7 % per quarter for the next 1 0 years and at 4 % per quarter
Suppose you expect a stock's dividend to grow at per quarter for the next years and at per quarter thereafter. The firm has just paid its quarterly dividend and you expect the next quarterly dividend to be $ per share. What is the maximum price that you would be willing to pay for this security if you require an quarterly rate of return?
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