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City Movers announced its next annual dividend will be $.40 a share. The following dividends will be $.60, and $.75 a share annually for the
City Movers announced its next annual dividend will be $.40 a share. The following dividends will be $.60, and $.75 a share annually for the following two years, respectively. After that, dividends are projected to increase by 3.5 percent per year. How much is one share of this stock worth at a rate of return of 12 percent? $6.84 $7.03 $8.06 $7.87 $8.45
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