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Company A paid an annual dividend of $1.84 per share 2 years ago on its common stock and just announced that future dividends will increase
Company A paid an annual dividend of $1.84 per share 2 years ago on its common stock and just announced that future dividends will increase by 4% annually. What is the current price of Glass Ceiling? Assume the required rate of return on the common stock of Glass Ceiling is 27%. Assume the 4% dividend growth rate will also apply for the last two years.
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