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2 chapters 6-7 Canine Crates just paid an annual dividend of $.45 per share but plans to double that amount each year for three years.

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2 chapters 6-7 Canine Crates just paid an annual dividend of $.45 per share but plans to double that amount each year for three years. After that, the firm expects to maintain a constant dividend. What is the value of this stock today if the required return is 13 percent? Multiple Choice O $24.48 O $26.45 $23.46 0 $19.91 O $23.89

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