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Holyrood Co . just paid a dividend of $ 2 1 5 per share. The company will increase its dividend by 2 4 % next
Holyrood Co just paid a dividend of $ per share. The company will increase its dividend by next year and will then reduce its dividend growth rate by percentage points per year until it reaches the industry average of dividend growth, after which the company will keep a constant growth rate forever. If the required return on Holyrood stock is what will a share of stock sell for today? Do not round Intermedlate calculatlons. Round the final answer to declmal places.
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