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Posted on Jun 26, 2024

Red Sun Rising just paid a dividend of $2.37 per share. The company said that it will increase the dividend by 25 percent and 20

Red Sun Rising just paid a dividend of $2.37 per share. The company said that it will increase the dividend by 25 percent and 20 over the next two years, respectively. After that, the company is expected to increase its annual dividend at4.3 percent. If the required return is 11.3 percent, what is the stock price today?

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