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Universal Corp expects to pay the following dividends over the next 3 years: $3.20, $4.14, $3.85. The fourth year dividend and thereafter will grow at
Universal Corp expects to pay the following dividends over the next 3 years: $3.20, $4.14, $3.85. The fourth year dividend and thereafter will grow at a constant 3.8%. What is the expected value of a share of stock today?
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