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The forecasted dividend at the end of the year 2024 is $30 million. The firm is assumed to grow at a constant rate starting the

The forecasted dividend at the end of the year 2024 is $30 million. The firm is assumed to grow at a constant rate starting the end of 2024. The long-run growth rate is assumed to be 3%. The cost of capital is 7%. What's the present value of the continuing dividend as of the end of 2020? a. $550.78 b. $612.22 c. $589.34 d. $772.50

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