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Merrimack is a young firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 20% a year for the

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Merrimack is a young firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 20% a year for the next four years and then decreasing the growth rate to 7% per year, The company just paid its annual dividend in the amount of $5 per share. What is the current value of one share if the required rate of return is 18% ? $66.65$6844$70.70$72.88$74.33

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