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Lexi's Cookie Company most recent dividend was $1.50 and it is expected to grow at 5 percent per year for the next 5 years, after
Lexi's Cookie Company most recent dividend was $1.50 and it is expected to grow at 5 percent per year for the next 5 years, after which the dividend growth rate will increase to 8 percent per year indefinitely. Assume 10 percent required rate of return. List the dividend paid each year to investors? What was the total amount of dividends paid to investors? What is the present value of the dividends paid? What is the price of the stock at the end of year 5? What is the PV of the stock (the most you would pa for the stock tedava
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