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What process would you use to find the amount thag the stock is worth? Lifecycle Motorcycle Company is expected to pay a dividend in year

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Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $2, a dividend in year 2 of $3, and a dividend in year 3 of $4. After year 3 , dividends are expected to grow at the rate of 6% per year. An appropriate required return for the stock is 12%. Using the two-stage DDM, the stock should be worth $ today. (Round your answer to two decimal places.) Your Answer: Answer Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $2, a dividend in year 2 of $3, and a dividend in year 3 of $4. After year 3 , dividends are expected to grow at the rate of 6% per year. An appropriate required return for the stock is 12%. Using the two-stage DDM, the stock should be worth $ today. (Round your answer to two decimal places.) Your

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