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38. Peele Clothiers Ltd.s current dividend is $3.60. Dividends are expected to grow by 9 percent for years 1 to 3, 6 percent
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Tenpetual growth = 2 % Required return = 12% Do = 3.60 Di = 3.60 X 1.09 = 3.92 D2 = 3.928 100g = 4:28 D3=4028 x 60g = 4066 Du

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