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Thress Industries just paid a dividend of $1.50 a share. The dividend is expected to grow at 5% per year for the next three years

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Thress Industries just paid a dividend of $1.50 a share. The dividend is expected to grow at 5% per year for the next three years and then 3% thereafter. The firm's beta is 1.2 and the risk-free rate is 2% and the market-risk premium is judged to be 5.2%. Find the dividend each of the next three years and value of the stock based on the DDM

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