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QUESTION

Find the value of a stock that is expected to pay a dividend next year of $2.40, and for which analysts forecast growth rates that will continue to...

 Find the value of a stock that is expected to pay a dividend next year of $2.40, and for which analysts forecast growth rates that will continue to be 6% a year into the foreseeable future. Assuming your required return is 14% to hold that company's stock, what is the current value?  

 $31.20 

  $32.40  

 $30.00  

 $29.80

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