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The Wayne Corporation expects to have a changing dividend policy over the next few years starting with the dividend that they just paid of $
The Wayne Corporation expects to have a changing dividend policy over the next few years starting with the dividend that they just paid of $ In the following year their dividend will grow by and in the year after by Following that they expect their dividends to continue growing at a constant rate of forever. If the required rate of return for Wayne is per year, what is the price today of Wayne shares? Answer to the nearest penny.
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