You require a return of 12 to invest in gdl how much would, Financial Management

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You require a return of 12 to invest in gdl how much would

You expect GDL to pay a dividend of $3 in one year, $4 in two years and $6 in 3 years. After that, you think dividends will grow at a constant rate of 6%. You require a return of 12% to invest in GDL. How much would you pay for a share of the company today? Answer to 2 decimal places,

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