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Bluffinmuffin Bluffinmuffin
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A month ago
Macaroni Inc. announced that it would pay the following dividends over the next five years: $0.50, $0.75, $1.50, $3, and $4. Afterwards, dividends will decline at a rate of 3% per year indefinitely. What is the firm's current share price if the required rate of return is 13%?

▸ $17.73

▸ $24.25

▸ $30.33

▸ $19.25
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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jd1044jd1044
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A month ago
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