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A stock just paid a dividend of $2.31. The dividend is expected to grow at 27.22% for three years and then grow at 3.70% ther
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Answer #1

Required rate of return on equity = 10.64% Dividend P.V factor Present value DO 2.31 D1 2.94 0.903832249 2.656165944 3.74 0.8

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