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Lew s Tours is just about to pay an annual dividend of $1.20 a share. The dividend is expected to increase by 2 percent annually
Lew s Tours is just about to pay an annual dividend of $1.20 a share. The dividend is expected to increase by 2 percent annually and the applicable discount rate is 13 percent. Which one of these is the correct formula for computing the current value of this stock?
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