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Kohls just paid an annual dividend of $5 a share. Management estimates the dividend will increase by 5 percent a year for the next three
Kohls just paid an annual dividend of $5 a share. Management estimates the dividend will increase by 5 percent a year for the next three years. After that, the dividend growth rate is estimated at 2 percent. The required rate of return is 10 percent. What is the value of this stock today?
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