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gremlin industries will pay a dividend of 1.50 per share this year (year 1) which is 20% more than last year. the following year it
gremlin industries will pay a dividend of 1.50 per share this year (year 1) which is 20% more than last year. the following year it is expected to pay a dividend 20% higher. the growth rate in dividends is expected to drop 6% beginning in year three and for the forseeable future. if gremlin's equity cost of capital is 12% what is the current price of the stock?
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