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Ollivette is a relatively new firm and is in a period of rapid development. The company plans on retaining all of its earnings for the

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Ollivette is a relatively new firm and is in a period of rapid development. The company plans on retaining all of its earnings for the next four years. Five years from now, the company projects paying an annual dividend of $.33 per share and then increasing that amount by 2 percent annually thereafter. To value this stock as of today, you would first determine the value of the stock years from today, and then determine today's value. Multiple Choice 5

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