Rework Table 7.4 for horizon years 1, 2, 3, and 10, assuming that investors expect the dividend
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Question:
Rework Table 7.4 for horizon years 1, 2, 3, and 10, assuming that investors expect the dividend and the stock price to increase at only 6% a year and that each investor requires the same 12% expected return.
What value would Dritter place on the stock and what about Zehnte who has a 10-year horizon?(Do not round intermediate calculations. Round your answers to 2 decimal places.)
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