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  3. a share just paid a dividend of $0.60. the dividen

A share just paid a dividend of $0.60. The dividend is expected to increase at...

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Accounting

A share just paid a dividend of $0.60. The dividend is expected to increase at an annual rate of 4% forever. If the required return is 10%, what is a fair value of this share today? a. $10.00 b. $11.00 c. $10.40 d. $0.62 e. $6.24

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