. You expect Manchester Corporation to pay a dividend per share of $3 at the end...

 

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. You expect Manchester Corporation to pay a dividend per share of $3 at the end of the first year, $3.50 at the end of the second year, and $4 at the end of the third year. Beyond the third year, dividends will be paid at the end of each year and they are expected to grow at & rate of 2% forever. Assuming Manchester Corporation shareholders require a rate of return of 8% per year, what should the current share price of Manchester Corporation be? 4. Q₂) 02 . You expect Manchester Corporation to pay a dividend per share of $3 at the end of the first year, $3.50 at the end of the second year, and $4 at the end of the third year. Beyond the third year, dividends will be paid at the end of each year and they are expected to grow at & rate of 2% forever. Assuming Manchester Corporation shareholders require a rate of return of 8% per year, what should the current share price of Manchester Corporation be? 4. Q₂) 02

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