13. Assume that the dividend growth model holds for a particular stock. The market expects...
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13. Assume that the dividend growth model holds for a particular stock. The market expects this stock to return 12% per year. The dividends of the stock are expected to grow at 5% each year indefinitely. The price of the stock today is $100. The next dividend, which is due to be paid in exactly one year's time, is expected to be: $7 $10 I do not want to answer this question The next dividend cannot be calculated with the information given in the
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