Lowes Inc is a new firm in a rapidly growing industry. The company is planning on...

Lowes Inc is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 20% a year for the next four years and then decreasing the growth rate to 5% per year. The company just paid its annual dividend in the amount of $1.00 per share. What is the current value of one share if the required rate of return is 9.25%?

A. $35.63B. $38.19C. $41.05D. $43.19E. $45.81

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jeff jeffy answered 1 year ago

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