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Rivian is a new firm in a rapidly growing industry of electric vehicles. The company is planning on increasing its annual dividend by 19 percent

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Rivian is a new firm in a rapidly growing industry of electric vehicles. The company is planning on increasing its annual dividend by 19 percent a year for the next 4 years and then decreasing the growth rate to 3 percent per year. The company just paid its annual dividend in the amount of $260 per share What is the current value of one share of this stock if the required rate of return is 8.10 percent

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