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The KLS Co. is expected to pay the following annual dividends for the next three years: $1.00, $1.50, and $1.60, respectively. After that time, they
The KLS Co. is expected to pay the following annual dividends for the next three years: $1.00, $1.50, and $1.60, respectively. After that time, they are expected to increase their dividends by 3% annually. Stocks similar to KLS are yielding 9.5%. What is one share of KLS worth today?
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