24) A company has been very successful in the past four years. Over these years,...
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24) A company has been very successful in the past four years. Over these years, it paid a common stock dividend of $4 in the first year, $4.20 in the second year, $4.41 in the third year, and its most recent dividend was $4.63. The company wishes to continue this dividend growth indefinitely. What is the value of the company's stock if the required rate of return is 12 percent? $69.41 ? $46.96 $49.96 $64.96 ar forover If the firm's required
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