Sturgis Light & Power increases its dividend 5 percent per year every year. This utility is valued
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Sturgis Light & Power increases its dividend 5 percent per year every year. This utility is valued using a discount rate of 8 percent, and the stock currently sells for $85 per share. If you buy a share of stock today and hold on to it for at least three years, what do you expect the value of your dividend check to be three years from today?
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