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Unformatted text preview: + = + + + + ++ + + = + =  $1,771.561 0.56447393 $1,000 = = Note simplification by recasting in terms of the unpaid D 1 D 7 is the first paid out dividend, hence g = 10% to get D 7 ; but here growth stops and D 7 is the numerator of a perpetuity calculation (D 7 /r S )...
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This note was uploaded on 12/23/2009 for the course BCOM FINC 202 taught by Professor Warwickanderson during the Spring '09 term at Canterbury.
 Spring '09
 WarwickAnderson

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