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What should Julian be willing to pay for Pepsi today if it just paid a $3 dividend this year and he expects dividends to grow

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What should Julian be willing to pay for Pepsi today if it just paid a $3 dividend this year and he expects dividends to grow at 5 percent indefinitely? Julian requires a 10 percent return to make this investment. Answers: a. $66 b. $60 $54 C. d. $48

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