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Business, 30.03.2020 17:28 emmaraeschool

Crosby Inc. has an 11% required rate of return. It will not pay any dividend until the end of year 20 at which time it will begin to pay an annual dividend of $4.00 per share which it will hold constant thereafter. What is an estimate of the price of Crosby's stock TODAY?

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Crosby Inc. has an 11% required rate of return. It will not pay any dividend until the end of year 2...
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