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What is the fair price for the stock today

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Reference no: EM132805898

The class ceiling Corp, paid an annual dividend of $1.64 per share this year and just announced that future dividends will increase by 3 percent annually.

Problem a) assuming that the market interest rate is 6 percent, what is the fair price for the stock today?

Problem b) what is the amount of the expected dividend in year 6?

Problem c) what is the fair price for the stock in year 6?

Reference no: EM132805898

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