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Q4. The Dev Idend Corporation paid a dividend of $1.50 per share last period. The company's financial management expects that the dividend will remain at
Q4. The Dev Idend Corporation paid a dividend of $1.50 per share last period. The company's financial management expects that the dividend will remain at that level for two years. Thereafter, it is expected that the dividend will grow at a rate of 2.8% indefinitely. If the required return is 9%, what is the value of a share of stock now
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