19. Nu-Tek, Inc. is expecting a period of intense growth, so it has decided to retain more...

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19. Nu-Tek, Inc. is expecting a period of intense growth, so it has decided to retain more of its earnings to help finance that growth. As a result it is going to reduce its annual dividend by 10% a year for the next three years. After that it Will maintain a constant diVidend of $.70 a share. Last year, the company paid $1.80 per share. What is the market value of this stock if the required rate of return is 13%? A. $6.79 B. $7.21 C. $8.22 D. $8.87 E. $9.01

Posted Date: Jun 22, 2024 12:06 AM

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19. Nu-Tek, Inc. is expecting a period of intense growth, so it has decided to retain more...

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