Variable Dividend Stock is expected to pay dividends of $2, $,2, $,3, $4, and $4 over...

Variable Dividend Stock is expected to pay dividends of $2, $,2, $,3, $4, and $4 over the next five years. After that the dividend is expected to grow at a constant rate of 4%. If the return on the stock is 9%, what is the price?

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Expert Solution

jeff jeffy answered 1 year ago

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