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Ruby Company will pay an annual dividend of $3.5 next year. The company has increased its dividend by 4 percent a year for the past
Ruby Company will pay an annual dividend of $3.5 next year. The company has increased its dividend by 4 percent a year for the past twenty years and expects to continue doing so. What will a share of this stock be worth three years from now if the required return is 12 percent?
$43.75 | ||
$49.21 | ||
$45.50 | ||
$47.32 |
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