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QUESTION 5 Healthy Foods expects to pay an annual dividend of $1.62 a share next year. The firm recently announced that all future dividends will
QUESTION 5 Healthy Foods expects to pay an annual dividend of $1.62 a share next year. The firm recently announced that all future dividends will be increased by a fixed percent annually of 2.1%. Assume you require a rate of return of 157 percent from the stock. What is this stock worth to you today? (Enter the answer in dollars accurate to two decimal places.)
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