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6 (1 point) A stock is expected to pay a year-end dividend of $3.00. ie.,...

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Accounting

6 (1 point) A stock is expected to pay a year-end dividend of $3.00. ie., D, $3.00. The dividend is expected to decline at a rate of 4% a year forever (g -4%) If the company is in equilibrium and its expected and required rate of return is 10%, then what is the company's expected stock price at the beginning of next year? A) $21.43. B) $20.57 C) $ 15.50 D) $9.50 L

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