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Northern Corporation has just paid a dividend of $1.45 per share on its common stock. The annual dividend is expected to increase by 2%, 3%,
Northern Corporation has just paid a dividend of $1.45 per share on its common stock. The annual dividend is expected to increase by 2%, 3%, and 4% respectively over the next three years and then by 5% per year thereafter.
Draw a timeline to describe this situation
If the opportunity cost is 14%, what is the current stock price?
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