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The Red Bud Co. just paid a dividend of $3.10 a share. The company announced today that it will continue to do this for another

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The Red Bud Co. just paid a dividend of $3.10 a share. The company announced today that it will continue to do this for another 2 years after which time they will discontinue paying dividends permanently. What is one share of this stock worth today if the required rate of return is 8.7 percent? Select one: a. $8.58 b. $6.20 c. $3.37 d. $3.52 e. $5.48

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