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% dividend 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 sale for today?

Question 21 s points Kean Co just paid a dividend of 12.95 per share. The company will increase its dividend by 20 next year and will then reduce its dividend growth rate by per year until it reaches the industry average of dividend growth after which the company will keep a constant growth rate forever. Given the required return for Kears stockis 13% what will share of Keans stock sel for today For the toolbar, press ALTF101PC or ALT-EN-F10 (Maci