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15) Best Value Outlet recently announced that it intends to pay dividends of $0.40, $0.60, $0.75, and 15 $1.00 per share over the next four

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15) Best Value Outlet recently announced that it intends to pay dividends of $0.40, $0.60, $0.75, and 15 $1.00 per share over the next four years, respectively. After that, the plan is to increase the dividend by 3.5 percent annually. What is the current value of this stock if the applicable discount rate is 13.5 percent? A) 9.35 B) 10.35 C) 8.17 D) 13.10

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