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You are interested in a stock that just paid an annual dividend of $3.20. The corporate management announced that future dividends will increase by 5.00%
You are interested in a stock that just paid an annual dividend of $3.20. The corporate management announced that future dividends will increase by 5.00% annually. What is the amount of expected divided in year 11? (Round your answer to the nearest hundredth; two decimal places) Your Answer: Answer Question 2 (5 points) ABC stock just paid $5.00 in dividends per share. If the required return is 7.00% and the dividends are expected to grow at 2.4%, how much is this stock worth today? (Round your answer to the nearest hundredth; two decimal places) Your Answer: Answer Question 3 (5 points) ABC stock just paid $4.50 in dividends per share. If the required return is 5.50% and the dividends are expected to grow at 2.4%, what is the expected value of this stock in 12 years? (Round your answer to the nearest hundredth; two decimal places) Your
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