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The company your parents invested in expects to increase their annual dividend by 40 percent per year for the next two years and by 10
The company your parents invested in expects to increase their annual dividend by 40 percent per year for the next two years and by 10 percent for the following year. After that, the company plans to pay $1.00 a share per year. The last dividend they paid was $.40 a share. What should you expect to pay per share if the market rate of return on this stock is 11 percent? (show work, formula and/or explain values)
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