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Big East Inc. announced today it will grow its dividend by 15% for the next 3 years and then it's growth will continue indefinitely at
Big East Inc. announced today it will grow its dividend by 15% for the next 3 years and then it's growth will continue indefinitely at 5% thereafter. Big East just paid a $2 dividend. If you believe the appropriate required rate of return on the stock is 10% what would you be willing to pay for the stock?
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