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The Robert Phillips Co. currently pays no dividend. The company is anticipating dividends of $0,$0,$0,$.10,$.20, and $.30 over the next 6 years, respectively. After that,

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The Robert Phillips Co. currently pays no dividend. The company is anticipating dividends of $0,$0,$0,$.10,$.20, and $.30 over the next 6 years, respectively. After that, the company anticipates increasing the dividend by 4 percent annually. The first step in computing the value of this stock today is to compute the value of the stock at the end of year: 3 5 6 7 Question 15 (5 points) What happens to the coupon rate of a bond that pays $80 annually in interest if interest rates change from 9% to 10%? The coupon rate increases to 10%. The coupon rate remains at 9%. The coupon rate remains at 8%. The coupon rate decreases to 8%

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