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show your work the answer is A 77. Energistics, Inc. plans to retain and reinvest all of its earnings for the next three years; at
show your work the answer is A
77. Energistics, Inc. plans to retain and reinvest all of its earnings for the next three years; at the end of year 3 the firm will pay a special dividend of $5 per share. Beginning in year 4 , the firm will begin to pay a dividend of $1 per share, which is expected to grow at a 3% rate annually forever. Given a required return of 12%, the stock should sell for todayStep by Step Solution
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