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The Three Broomsticks is expected to pay the following dividends over the next four years: $6, $5, $4, and $3. Afterwards the company is expected
The Three Broomsticks is expected to pay the following dividends over the next four years: $6, $5, $4, and $3. Afterwards the company is expected to maintain a constant 2 percent growth rate in dividends. If the required return is 15 percent, what is the fair price of the stock today? Select one: O A. $38.91 B. $30.29 C. $41.54 D. $23.25 E. $26.80
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