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Super Sounds is expecting a period of intense growth and has decided to retain more of their earnings to help finance that growth. As a
Super Sounds is expecting a period of intense growth and has decided to retain more of their earnings to help finance that growth. As a result, they are going to reduce the annual dividend by 10% a year for the next three years. After that they will maintain a constant dividend of $1.50 a share. Last year, the company paid $2.2 as the annual dividend per share. What is the market value of this stock if the required rate of return is 13% (Keep 4 decimals until the end of the solution)? $12.2561 $11.9658 $10.5774 $13.5698
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