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A company is planning on increasing its annual dividend by 16% a year for the next four years and then decreasing the growth rate to

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A company is planning on increasing its annual dividend by 16% a year for the next four years and then decreasing the growth rate to 6% per year. The company just paid its annual dividend in the amount of $3.90 per share. What is the current value of one share if the required rate of return is 9.6% ? $116.99 $132.03 $147.07 $177.15 $162.11

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