The In-Tech Co. just paid a dividend of $1.5 per share. Analysts expect its dividend to...

The In-Tech Co. just paid a dividend of $1.5 per share. Analysts expect its dividend to grow at 20 percent per year for the next three years and then 3 percent per year thereafter. If the required rate of return on the stock is 5.5 percent.

What is the current value of the stock ?

96.80

94.15

none of the above

98.30

92.16

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jeff jeffy answered 1 year ago

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