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A company is growing rapidly. The company is planning on increasing its annual dividend by 12.8% a year for the next five years and then
A company is growing rapidly. The company is planning on increasing its annual dividend by 12.8% a year for the next five years and then decreasing the growth rate to 5% per year. The company just paid its annual dividend (Do) in the amount of $3.00 per share. What is the current value of one share if the required rate of return is 12%
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