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You are considering purchasing stock in a company that is expected to pay a? $3.81dividend later this year and that has an expected growth rate of 1.21%.

What is the maximum price you would be willing to pay if you require a return of? 7%? ?

Note that the question provides the next? dividend, not the last dividend. Be sure to adjust the dividend growth model formula accordingly.

Please provide steps or formula.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92078857

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