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Wisconsin Dairy Farm's stock has a required rate of return of 12%, current price is $100.00 per share. The dividend is expected to grow at
Wisconsin Dairy Farm's stock has a required rate of return of 12%, current price is $100.00 per share. The dividend is expected to grow at a constant rate of 3.00% per year. What is the last dividend, D0?
1. Use constant dividend growth model to solve the problem (6pts)
2. Write down TVM equation.
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