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$18.35 Question 24 1 pts Newcomer Mills is a relatively new firm which will retain all of its earnings for the next four years. Four
$18.35 Question 24 1 pts Newcomer Mills is a relatively new firm which will retain all of its earnings for the next four years. Four years from now, the firm expects to pay its first dividend of $0.25 a share (so D4=$0.25). After that, it intends to increase the dividend by 4 percent annually. What is the value of this stock today at a discount rate of 12 percent? $1.78 $2.60 $2.04 $1.53 $2.22 MacBook Pro
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