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The most recent dividend was $2.63. The expected dividend growth for years 1 to 4 is 9.3% per year, year 5 7.7%, and in year 6 6.1%. After year 6, dividends are expected to grow at 2.16% forever. If the cost of equity is 6.6%, what is the current price at time year 5 (in $ to 2 decimal places, 3.24 for $3.24)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92262154

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