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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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