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Phil's Office Machines, Inc. is a new firm in a rapidly growing industry. The company is planning to increase its annual dividend by 1 9
Phil's Office Machines, Inc. is a new firm in a rapidly growing industry. The company is planning to increase its annual dividend by a year for the next years. At that point, it will lower the growth rate of its dividends to per year. The company just paid its annual dividend in the amount of $ per share. What is the current value of one share if the required rate of return is
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