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Use the following information to answer the next 2 questions: A company is expected to pay dividend of $3.09 next year. Its dividends are expected
Use the following information to answer the next 2 questions:
A company is expected to pay dividend of $3.09 next year. Its dividends are expected grow by 3% per year, indefinitely. If the required rate of return in 13%,
1) What is the current market value?
25.67 | ||
20.55 | ||
30.90 | ||
29.95 | ||
18.64 |
2) What is the expected market value in 3 years?
35.62 | ||
21.11 | ||
25.00 | ||
33.77 | ||
28.55 |
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