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Business, 20.06.2020 21:57 margaret8800
Dixie Mart plans to pay dividends of $1.36, $1.15, $1.35, and $.40 at the end of the next four years, respectively. After that, the company will be sold and shareholders are expected to receive $82.40 per share in Year 6 when the sale should be finalized. If the required return is 11.4 percent, what is the current value of one share of this stock?
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Dixie Mart plans to pay dividends of $1.36, $1.15, $1.35, and $.40 at the end of the next four years...
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