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XYZ Corp. is expected to pay a dividend of $2.80 per year indefinitely. If the appropriate rate of return on this stock is 13 percent
XYZ Corp. is expected to pay a dividend of $2.80 per year indefinitely. If the appropriate rate of return on this stock is 13 percent per year, and the stock consistently goes ex-dividend 35 days before dividend payment date, what will be the expected minimum and maximum prices in light of the dividend payment logistics?
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