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General Foundries is expected to pay a dividend of $0.60next year, $1.10 the following year,...

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Finance

General Foundries is expected to pay a dividend of $0.60next year, $1.10 the following year, and $1.25 each year thereafter. The required rate of return on this stock si 18 percent. How much shouldinvestors bewiling ot payforthis stock?

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