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Utah Technologies, a mobile technology provider, just paid a dividend of 1.35 per share. The company plans to increase its dividends by 3% each year
Utah Technologies, a mobile technology provider, just paid a dividend of 1.35 per share. The company plans to increase its dividends by 3% each year for the next 5 years, then reducing the annual increase to 1.5% in perpetuity. If the required rate of return is 12% what will a share of stock sell for today?
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