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QUESTION
Hello, can you help with this one. Which is the amount that should be paid for a stock that will pay a dividend of $4.47 in one year and $5.67 in two...
Hello, can you help with this one.
Which is the amount that should be paid for a stock that will pay a dividend of $4.47 in one year and $5.67 in two years? After that, the stock price will grow at a constant 5% per year forever. The appropriate discount rate is 12%. Show your answer to the nearest $.01.
