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Company A paid an annual dividend yesterday in the amount of $1.2 per share. The company plans to double the dividends in each of the
Company A paid an annual dividend yesterday in the amount of $1.2 per share. The company plans to double the dividends in each of the next 10 years. After that, the firm plans to increase dividends at a rate of 5% per year in perpetuity. What is the price of this stock today if the market requires a return of 14% on similar securities
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