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Hill's Country Fresh Eggs is a relatively young firm which just paid their first annual dividend of $.40 a share. Management projects dividend increases of
Hill's Country Fresh Eggs is a relatively young firm which just paid their first annual dividend of $.40 a share. Management projects dividend increases of 15 percent per year for five years followed by a constant growth rate of 3 percent annually. What is this stock worth today if the applicable discount rate is 11 percent? $8.37 $9.08 $9.42 $11.76 $12.45
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