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Upton Corporation is expected to pay the following dividends over the next four years: $16 in year 1, $12 in year 2, $11 in year
Upton Corporation is expected to pay the following dividends over the next four years: $16 in year 1, $12 in year 2, $11 in year 3, and $6.50 in year 4. Afterwards, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 16 percent, what is the current share price
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