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The Cart Wheel plans to pay an annual dividend of $1.20 per share next year, 51.00 per share year for the following two years, and

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The Cart Wheel plans to pay an annual dividend of $1.20 per share next year, 51.00 per share year for the following two years, and share price in tree years predict $5.00. How much is one share of this stock worth to you today if you require a 17 percent rate of return? 0 a. $5.50 b. $4.72 c. $3.16 d. $2.38 e. $6.18 Clear my choice Next page

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