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Cedar Corp. just announced that next year its annual dividend will be $ 5 . 0 0 and establishing a policy whereby the dividend will

Cedar Corp. just announced that next year its annual dividend will be $5.00 and establishing a policy whereby the dividend will grow by 3.00% annually thereafter. How much will one share of this stock be worth 10 years from now, the day after they pay their D_10 dividend if the cost of equity is 8.00%? Question 12 options: 134.39,132.69,74.66,78.98.

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