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3 . Strico Co . just paid a dividend of $ 3 . 5 0 per share. The company will increase its dividend by 2
Strico Co just paid a dividend of $ per share. The company will increase its dividend by percent next year and will then reduce its dividend growth rate by percent per year until it reaches the industry average of percent dividend growth, after which the firm will keep a constant growth rate forever. If the required rate of return on Sterico stock is percent, What will a share of stock sell for today?
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