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Benton Inc. currently pays a $ 1 . 0 0 annual dividend. Investors believe that dividends will grow at 1 5 % next year, 1
Benton Inc. currently pays a $ annual dividend. Investors believe that dividends will grow at next year, annually for the two years after that, and annually thereafter. Assume the required rate of return is What is the current market price of the stock? Show your calculations without excel.
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