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OConnor Corporation will pay an annual dividend of $1.00 next year. The dividend will increase by 12 percent per year for the following two years
OConnor Corporation will pay an annual dividend of $1.00 next year. The dividend will increase by 12 percent per year for the following two years before growing at 4 percent indefinitely thereafter. If the required rate of return is 10 percent, what is the stock's current value? Multiple Choice $10.38 $13.38 $9.80 $19.11 $14.05
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