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FSU has paid a constant annual dividend of $1.95 a share for the past 10 years. Yesterday, the firm announced the dividend will increase next
FSU has paid a constant annual dividend of $1.95 a share for the past 10 years. Yesterday, the firm announced the dividend will increase next year by 4.94% and will stay at that level through Year 3, after which time the dividends will increase by 1.05% annually. The required return on this stock is 9.73%. What is the current value per share
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