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The dividend in 2 years will be 3 per share and it is

A company will pay a $2 per share dividend in 1 year. The dividend in 2 years will be $3 per share, and it is expected that dividends will grow at 5% per year thereafter. The expected rate of return on the stock is 12%. What is the current price of the stock?

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Business Management: The dividend in 2 years will be 3 per share and it is

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Business Management: The dividend in 2 years will be 3 per share and it is

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