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A company will start paying dividends in five years. It is expected that the first...

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A company will start paying dividends in five years. It is expected that the first dividend paid will be $0.80, which will grow at a constant rate of 5.5% forever. If the appropriate discount rate is 12%, the stock price in four years will be $11.87 $10.94 $12.31 $11.67

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