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9. (2pts) The Bell Weather Company is a new firm in a rapidly growing industry. They plan on increasing their dividend by 17% per year

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9. (2pts) The Bell Weather Company is a new firm in a rapidly growing industry. They plan on increasing their dividend by 17% per year for the next 4 years, then decreasing the dividend growth to 3% per year indefinitely. The company just paid its annual dividend of $1.70 per share. What is the current value of the stock if the required return is 7.2% ? Calculate dividends to 3 decimals for accuracy. Hint: The dividend that was just paid is NOT included in the cash flows. That is history. Find the values of the irregular growth dividends [)1 D) 14 Find the PV in the last year of irregular dividends. This would be Pc=D/(Rg) Determine the Cash Flows to enter into the CF worksheet

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