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Three investors, X, Y and Z, have the same required returns and agree on what the4 dividend growth rate is, but disagree on what the

Three investors, X, Y and Z, have the same required returns and agree on what the4 dividend growth rate is, but disagree on what the next dividend will be. X thinks it will be $2.00, Y $1.75 and Z $2.25. Who is willing to pay the lowest price? The highest? The one in the middle?

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