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Sky , Inc. paid a dividend of $ 4 . 0 0 per share on its common stock yesterday. Dividends are expected to grow at
Sky Inc. paid a dividend of $ per share on its common stock yesterday. Dividends are expected to grow at a constant rate of for the next three years, at which point the dividends will begin to grow at a constant rate indefinitely. If the stock is selling for $ today and the required return is what it the expected annual dividend growth rate after year three?
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