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The most recent dividend was $3. The expected dividend growth for years 1 to 10 is -0.9% per year. After year 10, dividends are expected to grow at 1.73% forever. If the cost of equity is 5.3%, what is the current price at time year 0 (in $ to 2 decimal places, 3.24 for $3.24)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92262196

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