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Industrial Light and Magic, Inc., is a young start-up company. dividends will be paid on the stock over the next 8 years because the firm
Industrial Light and Magic, Inc., is a young start-up company. dividends will be paid on the stock over the next 8 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $5 per share dividend in 9 years and will increase the dividend by 4.20 percent per year thereafter. this stock is 18.35 percent, what is the current share price? (Do not round your intermediate calculations.) $7.76 $8.26 $8.91 $9.18 $7.99
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