Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $2 and...
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Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $2 and a dividend in year 2 of $3. After year 2, dividends are expected to grow at the rate of 4% per year. An appropriate required return for the stock is 10%. Using the DDM, the stock should be worth _ today. $52.27 $62.27 $77.27 $47.27
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