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Cellular Talk is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 21.9 percent a year
Cellular Talk is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 21.9 percent a year for the next three years and then decreasing the growth rate to 4.42 percent per year. The company just paid its annual dividend in the amount of $ 4.22 per share. What is the value of the stock today if the required rate of return is 18.85 percent?
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