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The gap is expected to pay an annual dividend of $4.00 for the next 3 years. After that, the dividend will grow at 4% annually
The gap is expected to pay an annual dividend of $4.00 for the next 3 years. After that, the dividend will grow at 4% annually forever. The required rate of return fo the Gap is 11%. What is the value per share of the Gap? 1) $47, 2) 44, 3) $59, 4) $53
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