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A company is planning on increasing its annual dividend by 9.00% a year for the next three years and then settling down to a constant
A company is planning on increasing its annual dividend by 9.00% a year for the next three years and then settling down to a constant growth rate of 4.00% per year in perpetuity.The company just paid its annual dividend in the amount of $1.10 per share. What is the current stock price if the required rate of return is 19.00%?
Question 3 options:
$8.64
$8.85
$9.07
$9.28
$9.50
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