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A company paid an annual dividend of $ 1.25 a share last month . The company plans to pay $ 2 and $ 2.75 a
A company paid an annual dividend of $ 1.25 a share last month . The company plans to pay $ 2 and $ 2.75 a share over the next 2 years , respectively . After that , the dividend will be constant at $ 3 per share per year . What is the market price of this stock if the market rate of return is 7 percent ?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
