You forecast that ASN Corporation will pay the following dividends at the end of each of the
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Question:
You forecast that ASN Corporation will pay the following dividends at the end of each of the next three years: $2.00, $3.00 and $3.75. After year 3 the dividends will grow at a constant rate of 6% per year. The required return is 13% p.a. What is the value of an ordinary ASN share today?
A.$46.07
B.$56.79
C.$43.47
D.$41.25
E.$43.85
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