Question: (Show steps/formulas for the problems) A) You received a tip that a corporation's dividends will grow an average of 5% for the predictable future. The

(Show steps/formulas for the problems)

A) You received a tip that a corporation's dividends will grow an average of 5% for the predictable future. The company's last dividend payment was $7, what should be the current price of the stock with an assumed 12% required return?

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