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I&Y industries just paid a dividend of $1.56 per share. The dividends are expected to grow at a rate of 11% for the next three
I&Y industries just paid a dividend of $1.56 per share. The dividends are expected to grow at a rate of 11% for the next three years and then level off to a growth rate of 2% indefinitely. If the required return is 14%, what is the value of the stock today. A. $20.88 B. $16.68 C. $22.44 D. $17.51
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