Question 7 (10 points) 4 Listen Amalgamated Consolidated is expected to pay the following dividends over...
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Question 7 (10 points) 4 Listen Amalgamated Consolidated is expected to pay the following dividends over the next four years: $5, $6, $7., and $8. Afterward, the company pledges to maintain a constant 1 percent growth rate in dividends forever. If the required return on the stock is 6.75 percent, what is the current share price? (Do not round your intermediate calculations.) $130.08 $118.37 $119.67 $126.17 $122.84 Question 7 (10 points) 4 Listen Amalgamated Consolidated is expected to pay the following dividends over the next four years: $5, $6, $7., and $8. Afterward, the company pledges to maintain a constant 1 percent growth rate in dividends forever. If the required return on the stock is 6.75 percent, what is the current share price? (Do not round your intermediate calculations.) $130.08 $118.37 $119.67 $126.17 $122.84
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