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Question #3 Lucas Hotels Incorporated currently (d0) pays a $4.00 common stock dividend. Dividends have been recently (consistently) growing at a 6% annual rate so
Question #3 Lucas Hotels Incorporated currently (d0) pays a $4.00 common stock dividend. Dividends have been recently (consistently) growing at a 6% annual rate so far. What is the current value of Lucas Hotels common stock to an investor requiring a 15% rate of return and expecting the following growth rate?
- 3%
- 6%
- 9%
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