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The Bell Weather Company is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 19 percent

image text in transcribed The Bell Weather Company is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 19 percent a year for the next 4 years and then decreasing the growth rate to 3 percent per year. The company just paid its annual dividend in the amount of $3.30 per share. What is the current value of one share of this stock if the required rate of return is 8.80 percent? Multiple Choice $103.77 $117.52 $120.82 $100.47

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