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ABC company is planning on increasing its annual dividend by 8 percent a year for the...

ABC company is planning on increasing its annual dividend by 8 percent a year for the next 3 years and then decreasing the growth rate to 3 percent per year forever. The company just paid its annual dividend in the amount of $0.20 per share. What is the current value of one share of this stock if the required rate of return is 10 percent?

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jeff jeffy answered 2 years ago
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