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You are analyzing Citi as a potential stock investment. You are expecting them to pay a dividend of $2 next year (one year away) and

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You are analyzing Citi as a potential stock investment. You are expecting them to pay a dividend of $2 next year (one year away) and then $2.50 the year after. After the $2.50 dividend is paid you expect dividends will grow at a constant rate of 6% per year. You are expecting a return of 8% : what price would you be willing to pay for a share of Citi

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