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use excel to solve. You are considering buying stock. If a stock is expected to pay a $3.5 of dividend 10 years from now (i.e.

use excel to solve.

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You are considering buying stock. If a stock is expected to pay a $3.5 of dividend 10 years from now (i.e. the first dividend you will receive is att - 10), and dividends are expected to grow by 3% per year forever after that. Assume the discount rate is 10%. How much you are willing to pay for the stock

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