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Asonia Co. will pay a dividend of $5.30, $9.40, $12.25, and $14.25 per share for each...

Asonia Co. will pay a dividend of $5.30, $9.40, $12.25, and $14.25 per share for each of the next four years, respectively. The company will then close its doors. If investors require a return of 9.8 percent on the company's stock, what is the stock price? $33.38 $37.71 $35.95 $31.68

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Answer #1

Required return = 9.8% Di = 5.30 D2= goyo D3 = 12-25 by = 14.25 14-25 12.25 5.30 9.40 stock Price + 14. 25 11.098)4 12.25 + (

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