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The Stock of Carroll's Bowling equipment currently pays a dividend (D0) at the rate of $3. this dividend is expected to grow at an annual

The Stock of Carroll's Bowling equipment currently pays a dividend (D0) at the rate of $3. this dividend is expected to grow at an annual rate of 1 percent for the next 3 year. the dividend is expected to incrase by $1 in year 4 and to grow at a constant annual rate of 6 percent thereafter. if you require a 24 percent rate of return on an investment such as this, how much would you be willing to pay per share?

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