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Business, 11.05.2021 03:50 lazymarshmallow7

Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $2.00, a dividend in year 2 of $3.00, and a dividend in year 3 of $4.00. After year 3 (i. e., year 4 onwards), dividends are expected to grow at a rate of 7% per year forever. An appropriate required return for the stock is 12%. What price should the stock be selling for today

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