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Anna - Lee is going to pay an annal dividend of $ 3 . 0 7 5 a share next year. This year,the company paid

Anna-Lee is going to pay an annal dividend of $3.075 a share next year. This year,the company paid a dividend of $3.00 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth.(7) seven years from now if the applicable discount rate is 12%? Answer:

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