A company will pay dividends of $3.00 next year, $3.37 in year 2, and $3.99...
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Accounting
A company will pay dividends of $3.00 next year, $3.37 in year 2, and $3.99 in year 3. After which dividends will grow at a constant rate of 3%. The stock has a required rate of return of 12%. What would be the total cash flow in year 3?
$40.18
$44.88
$45.67
$49.66
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