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Business, 25.07.2020 03:01 keke6361

McNutt Corporation is expected to pay a cash dividend on its common stock of $2.30 per share in one year, $2.45 per share in two years, and a dividend of $2.60 per share in three years. Your analysis indicates that you think you will sell the stock for a market price of $35.00 per share in three years. The current risk-free rate is 2.20% while the appropriate rate of return for the risks involved in owning Collins corporation stock is 10% What will be the capital gain per share in the third year (rounded to two decimal places)

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