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Kean co. just paid a dividend of $ 2.95 per share . The company will increase its dividend by 20 % next year and will
Kean co. just paid a dividend of $ 2.95 per share . The company will increase its dividend by 20 % next year and will then reduce its dividend growth rate by 5% per year until it reaches the industry average of 5% dividen growth, after which the company will keep a constant growth rate forever. Given the required return for kean's stock is 13%, What will a share of kean's stock sell for today?
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