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You are planning to buy a stock that has just paid a dividend ( D 0 ) of $ 1 . 2 0 . In
You are planning to buy a stock that has just paid a dividend D of $ In addition, you
anticipate the following growth rates:
Year
Year
Year note the negative sign
Year
Year
Years through infinity
Assume a discount rate of Based on this, what is the value of the stock today? Round all
dividend and price calculations to the nearest cent
$
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