4. A common stock is expected to pay a dividend of $3 per share next...
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4. A common stock is expected to pay a dividend of $3 per share next year. The required rate of return is 15 percent. It is expected to grow at the rate of 5 percent per year forever. What is the price of this stock today? 5. Refer to the stock in Problem #4 above. What will the price of this stock be in year 252
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