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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 13% per
The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 13% per year for the next 6 years and then decreasing the growth rate to 3% per year forever after. The company just paid its annual dividend in the amount of $0.95 per share. What is the current value of one share if the required rate of return is 10%?
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