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Suppose Wickett Corp. is expected to pay a dividend next year of $ 1 . 7 5 per share. Both sales and profits for Wickett

Suppose Wickett Corp. is expected to pay a dividend next year of $1.75 per share. Both sales and profits for Wickett are expected to grow at a rate of 14.00% for the following two years and then at 5.00% per year thereafter indefinitely. Dividend growth is expected to match sales growth. If the cost of equity is 14.00%, what is the value of a share of Wickett today? Question 8 options: $31.14, $28.65, $24.59, $22.51.

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