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You have forecast that United Sports, Inc. will pay a dividend of $2.60 next year (in time 1), $3.00 two years from now (in time
You have forecast that United Sports, Inc. will pay a dividend of $2.60 next year (in time 1), $3.00 two years from now (in time 2) and $3.20 three years from now (in time 3). For dividends beyond three years, you assume they will increase at 6% per year from the prior year. If the discount rate is 10%, calculate a fair price for the stock of United Sports, Inc
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