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The Sunyside Co. is a new firm in a rapidly growing industry. The company plans to increase its annual dividend by 16 percent a year
The Sunyside Co. is a new firm in a rapidly growing industry. The company plans to increase its annual dividend by 16 percent a year for the next 4 years, after which the dividend growth rate will slow to 5 percent per year. The company just paid $3.00 per share as its annual dividend. What is the current value of one share if the required annual return is 8.50 percent?
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