Sew 'N More just paid an annual dividend of $2.45 a share. The firm plans to increase
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Question:
Sew 'N More just paid an annual dividend of $2.45 a share. The firm plans to increase the annual dividends by 4 percent over the next 3 years. After that time, the dividends will be held constant at 3.5 per share. What is this stock worth today at a 11 percent discount rate?
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