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Business, 26.03.2020 23:59 bananaslada

Battles, Inc. just paid an annual dividend of $1.20 a share. The dividend will not change next year and then increase by 4 percent annually thereafter.
1. What is the present value of this stock at a discount rate of 9 percent?

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Battles, Inc. just paid an annual dividend of $1.20 a share. The dividend will not change next year...
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