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please help Nu-Tek, inc. is expecting a period of intense growth, so it has decided to reduce its annual dividend by 10 percent a year
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Nu-Tek, inc. is expecting a period of intense growth, so it has decided to reduce its annual dividend by 10 percent a year for the next 3 years. After that, it will malntain a constant dividend of $1.90 a share Last vear, the annual dividend was $2.70 a share What is the market value of this stock if the required rate of return is 15 percent? $13.86 $1379 $1488 $1423 514.15 Step by Step Solution
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