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A stock is expected to pay annual dividends forever. The first dividend is expected in 1 year and all subsequent annual dividIf 1) the expected return for Litchfield Design stock is 16.29 percent; 2) the dividend is expected to be 2.93 dollars in 1 y

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3.98% =(30.03/19.55)^(1/11)-1 1 Dividend growth rate 2 3 Dividend in 8 years $ 24.71 -19.55*(1+B1)^6

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