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the watts company has just recently been restructured. it is expected to experience no growth for the next 2 years as it identifies business opportunities.
the watts company has just recently been restructured. it is expected to experience no growth for the next 2 years as it identifies business opportunities. however, watts will grow at an annual rate of 5% in the third year and, beginning with fourth year, should attain a 10% growth rate which will sustain thereafter. the first dividend to be paid at the end of the first year is expected to be $0.50 per share. shareholders required a 15% rate of return
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