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1. Alpha Inc has just paid a dividend of $0.50 per share. The dividends are expected to grow at 24% per year for the next two years and at 8% per year thereafter. If the required rate of return in the stock is 16%, calculate the current value of the stock.
A) $1.11B) $7.71C) $8.82D) None of the above
Its central staff has decision rights to ensure a standard presentation is presented in all editions. Discuss the pluses and minuses of Microsoft's policy relative to Encylopedia Britannica's.
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