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Myfriends is an internet company well enough established for the board of directors to approve annual dividend of $2.00 per share. Given the companies previous

Myfriends is an internet company well enough established for the board of directors to approve annual dividend of $2.00 per share. Given the companies previous performance, investors anticipate the Board to increase the dividend at a rate of 5% per year. The current interest rate is 10%,.

If the current market share price is $40 on the stock exchange, would this be a good buy? why?

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