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The past four dividends for the Zywicki Corporation are shown below. Calculate dividend D _ 1 by applying the historical ( arithmetic ) average growth

The past four dividends for the Zywicki Corporation are shown below. Calculate dividend D_1 by applying the historical (arithmetic) average growth rate of dividends. Compute the expected share price at the end of 2023 using the perpetual dividend growth method. Assume the market risk premium is 11.7 percent, Treasury bills yield 5.9 percent, and the beta of the firm is 0.88.(6 POINTS)

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