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mr. li kai is the financial manager of addy caddy inc. the company has just paid a dividend of $1.56 per share on its stock.

mr. li kai is the financial manager of addy caddy inc. the company has just paid a dividend of $1.56 per share on its stock. mr. li kai plan to keep the growth rate of dividends constant at 8 percent per year, indefinitely. what will the price of this stock be in 7 years if investors require a 15 percent rate of return.

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