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Sky Crossing Inc. has paid a constant annual dividend of $.50 a share for the past 9 years. Yesterday, the firm announced the dividend will
Sky Crossing Inc. has paid a constant annual dividend of $.50 a share for the past 9 years. Yesterday, the firm announced the dividend will increase next year by 6 percent and will stay at that level through Year 4, after which time the dividends will increase by 2 percent annually. The required return on this stock is 11 percent. What will your capital gain be in dollars on this stock if you sell it four years from now
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