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Question 8 PART A: Company Y just paid an annual dividend of $0.72 a share. The firm has a policy of increasing the dividend by

Question 8 PART A: Company Y just paid an annual dividend of $0.72 a share. The firm has a policy of increasing the dividend by 3.5 percent annually. What is the current value of this stock at a discount rate of 11.7 percent?

PART B: What is the percentage of a firm's net income which is reinvested in the firm to support future growth called?

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