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A company has grown its annual dividends at 3.0% for several years. Management now is considering boosting that growth to 5.0%. The most recently dividend
A company has grown its annual dividends at 3.0% for several years. Management now is considering boosting that growth to 5.0%. The most recently dividend was $1.85 and its opportunity cost of capital is 10.5%. By how much will the change in growth rate boost the company's current stock price relative to keeping the old growth rate
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