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You expect GDL to pay a dividend of $3 in one year, S4 in two years and S5 in 3 years After that you think

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You expect GDL to pay a dividend of $3 in one year, S4 in two years and S5 in 3 years After that you think dividends will grow at a constant rate of 4% You require a rotum of 9% to invest in GOL How much would you pay for a share of the company today? Answer to 2 decimal places, for example 39 12

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