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We expect a stock to pay a $1.00 dividend increasing 4% annually. If we anticipate the price of the stock to be $65.00 in year
We expect a stock to pay a $1.00 dividend increasing 4% annually. If we anticipate the price of the stock to be $65.00 in year 3 and require a 8.5% return what would we pay for the stock today?
1) $47.60
2) $58.25
3) $53.54
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