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Perry Adventures last annual dividend was $0.70 a share. The firm will increase the dividend by 5 percent for the next 4 years and thereafter
Perry Adventures last annual dividend was $0.70 a share. The firm will increase the dividend by 5 percent for the next 4 years and thereafter increase the dividend by 3 percent annually. What is this stock worth today if the required return is 10 percent?
A) 10.38 B)11.05 C)11.30 D)13.97 E)14.08
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