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Please answer in a simple way and without excel Problem zz Tools just paid its annual dividend of $1.20 per share. The firm is expected

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Please answer in a simple way and without excel

Problem zz Tools just paid its annual dividend of $1.20 per share. The firm is expected to increase its dividend by 5 percent per year for the next three years after which time the dividend is expected to increase by 2 percent annually. What is one share of this stock worth today at a required return of 14 percent? $11.03

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