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The K Co. is expected to pay the following annual dividends for the next three years:$1, $1.5 and 1.6, respectively. After that time, it is

The K Co. is expected to pay the following annual dividends for the next three years:$1, $1.5 and 1.6, respectively. After that time, it is expected to increase its dividends by 3% annualy. Stocks similar to K are yielding 9.5%. What is one share of KLS worth today?

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