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Answered: - The expected return of Langhorn stock is 10.5 percent. The


The expected return of Langhorn stock is 10.5 percent. The company will pay the following dividends: $2.70 in one year, $3.10 in two years, and $3.60 in three years. After the dividend is paid in three years, the dividend is expected to grow by 5.6 percent a year forever. What is the current price of one share of stock?

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Oct 07, 2020

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