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The Shelley Corporation is paying dividends of $1.56 at t = 1 (this is at t = 1, not t = 0) which will then
The Shelley Corporation is paying dividends of $1.56 at t = 1 (this is at t = 1, not t = 0) which will then grow at rate of 10% between t = 1 and t = 2 only and thereafter grow at the rate of 4% into the future. What should be the price of Shelley stock if investors use 8%? to discount future dividends? Question 8 Selected Answer: Correct Answer: 26 41.17 0.5
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