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Barrel Co. paid its first annual dividend yesterday in the amount of $1 per share. The company plans to pay $ 1.40 next year and

Barrel Co. paid its first annual dividend yesterday in the amount of $1 per share. The company plans to pay $ 1.40 next year and $1.80 the year after. Afterwards, the dividend will grow annually at a rate of 4%. What is 1 share of this stock worth today if the rate of return expected is 10%?

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