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You expect a company to pay a dividend of 2.50 next year and 3.50 a share for the following 2 years. At that point, you
You expect a company to pay a dividend of 2.50 next year and 3.50 a share for the following 2 years. At that point, you expect that the dividend will increase by 4% every year. If your required return is 8%, what would you pay for the stock today? USE EXCEL
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