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XYZ company is issuing stock. For the first 2 years, no dividend is paid. A dividend of $ 5 will be paid in the 3
XYZ company is issuing stock. For the first years, no dividend is paid. A dividend of $ will be paid in the rd year, with a constant growth of for the next years. At the end of year the dividend raises to $ and remains constant thereafter. You hope to make a return on your investment and plan to hold XYZ stock until maturity, how much should you pay today?
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