Question: Assume XYZ Corp.'s dividend payment will be $3.12 one year from now, $3.85 two years from now. and $4.12 three years from now. Further assume

Assume XYZ Corp.'s dividend payment will be $3.12 one year from

Assume XYZ Corp.'s dividend payment will be $3.12 one year from now, $3.85 two years from now. and $4.12 three years from now. Further assume that after these three years, the dividend will grow by 4.5% each year. If the required rate of return for the industry XYZ Corp. belongs to is 10.7%, what is the market value of XYZ Corp.'s stock under the Dividend Discount Model? $71.24 $65.45 $60.19 $55.72

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