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Determine the value of the stock at the end of year

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Problem 1: Richmond Lobster Inc. is planning on paying annual dividends of $1.20, $1.35, and $1.50 over the next 3 years, respectively. After that, the company plans to pay a constant dividend of $1.75 per share each year. To compute the value of company's stock today, you should first determine the value of the stock at the end of year _____.

a. 0

b. 1

c. 2

d. 3

e. 4

Reference no: EM132653354

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