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Bc lsquon d just paid its annual dividend of 60 a share the

BC ‘n D just paid its annual dividend of $.60 a share. The projected dividends for the next five years are $.30, $.50, $.75, $1.00, and $1.20, respectively. After that time, the dividends will be held constant at $1.40. What is this stock worth today at a 6% discount rate? A. $20.48 B. $20.60 C. $21.02 D. $21.28 E. $21.43

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Financial Management: Bc lsquon d just paid its annual dividend of 60 a share the

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Financial Management: Bc lsquon d just paid its annual dividend of 60 a share the

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