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Your answer: Question 20 (CHAPTER 8) A Corporation announced of its plans to pay: $2 dividend per share in 1 year, $4 dividend per share

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Your answer: Question 20 (CHAPTER 8) A Corporation announced of its plans to pay: $2 dividend per share in 1 year, $4 dividend per share in 2 years, $6 dividend per share in 3 years, after which the dividend will be increasing at a constant annual growth rate of 6 percent. The rate of return for this company is 11%. Calculate the value of one share of stock of this company. Part of the calculation will be finding the Present Value of a (a) ordinary annuity (b) annuity due (c) regular perpetuity (d) growing perpetuity ...with the first dividend being (a) $2 (b) $4 (c) $6 (d) $87.74 (e) $92.79 (f) $97.39 (6) $102.44 (h) $113.71 (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher Only round your final answer to TWO decimal places: for example, 100.23.) The final numerical answer to this problem is

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