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Business, 16.10.2020 15:01 arielcainess

A stock has a current annual dividend of $6.00 per year, and it is expected to grow by 3% (0.03) a year. It is expected that two years from now the stock will sell for $90.00 a share. If the interest rate is 5% (0.05), the dividend-discount model predicts the stock's current price should be

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A stock has a current annual dividend of $6.00 per year, and it is expected to grow by 3% (0.03) a y...

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