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You are considering whether to invest in a company's common shares. The company is expected to pay is first cash dividend of $ 1 .
You are considering whether to invest in a company's common shares. The company is expected to pay is first cash dividend of $ at the end of year one. The dividend is expected to grow by in year and in year No further growth in the annual dividend is expected after year three. Calculate annual dividends to the nearest penny $ per share, If your required return on investment is what is the maximum price that you'd pay for the stock?
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