Question: (20 pts) Briley, Inc., is expected to pay equal dividends at the end of the next two years. Thereafter, the dividend will grow at a

(20 pts) Briley, Inc., is expected to pay equal dividends at the end of the next two years. Thereafter, the dividend will grow at a constant annual rate of 5 percent, forever. The current stock price is $38. What is the next year

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