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The Bell Weather Co is a new firm in a rapidly growing industry . The company is planning on increasing its annual dividend by 20

The Bell Weather Co is a new firm in a rapidly growing industry . The company is planning on increasing its annual dividend by 20 percent a year for the next 4 years and then decreasing the growth rate to 3 percent per year The company just paid its dividend in the amount of $ 3.40 per share . What is the current value of one share of this stock the required rate of return is percent ?

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