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Company X paid their first annual dividend yesterday in the amount of $ 0.28 per share. The company plans to doulbe each annual dividend payment
Company X paid their first annual dividend yesterday in the amount of $ 0.28 per share. The company plans to doulbe each annual dividend payment for the next three years. After that time, they are planning on paying a constant $1.50 per share indefinitely. What is one share of this stock worth today of the market rate of return on similar securities is 11.5 %? please show step by step answer...
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