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Jakes Greenie Traps is gaining market share and plans on paying the following dividends over the next few years before stabilizing growth: $2.00, $2.50, and
Jakes Greenie Traps is gaining market share and plans on paying the following dividends over the next few years before stabilizing growth: $2.00, $2.50, and $3.00. The plan is to then increase the dividend by 4% a year, indefinitely. Assuming investors require an 8% return on this stock, what is the value of one share today?
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