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The RBCAB Corporation just paid a dividend of $ 1 . 1 3 per share. The company's CFO expects that the dividend will remain at
The RBCAB Corporation just paid a dividend of $ per share. The company's CFO expects that the
dividend will remain at that level for three years. After year three, it is expected that the dividend will
grow at a rate of indefinitely. If the required return is what is the value of stock today? At
years? At years?
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