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A company is expected to pay its first annual dividend of $0.84 per share in Year 3. Starting in Year 6, the company plans to

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A company is expected to pay its first annual dividend of $0.84 per share in Year 3. Starting in Year 6, the company plans to increase the dividend by 2 percent per year. What is the value of this stock today at a required retum of 14.4 percent? $5.01 $8.09 58.29 $7.03 $9.34

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