Rework Table 7.4 for horizon years 1,2,3, and 10 , assuming that investors expect the...
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Accounting
Rework Table 7.4 for horizon years 1,2,3, and 10 , assuming that investors expect the dividend and the stock price to increase at only 6% a year and that each investor requires the same 12% expected return. The company will pay a dividend of $4.20 at the end of the first year. What value would an investor place on the stock? Note: Do not round intermediate calculations. Round your answers to 2 decimal places
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