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Your company made the following announcement at the annual share holders meeting today: the company is planning to pay a stable dividend of $6.65 per
Your company made the following announcement at the annual share holders meeting today: the company is planning to pay a stable dividend of $6.65 per share over the next two years. After that, investors are expecting that the growth rate in dividends will be 3% into the foreseeable future. If your shareholders require a yearly return of 8.5%, what price do you expect the shares of your company to be trading? Group of answer choices $44.76 $117.57 $124.01 $115.22
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