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Nu-Tek, Inc. recently announced that they will pay their first annual dividend next year in the amount of $.50 a share. The dividend will be
Nu-Tek, Inc. recently announced that they will pay their first annual dividend next year in the amount of $.50 a share. The dividend will be increased by 20 percent annually for the following three years, after which time the increase will be limited to 3 percent annually. How much are you willing to pay for one share of this stock if you require an 8 percent rate of return?
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