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Vincents Hotel currently pays a $2.20 common stock dividend. Dividends have been recently growing at a 3.00% annual rate and are expected to continue growing
Vincents Hotel currently pays a $2.20 common stock dividend. Dividends have been recently growing at a 3.00% annual rate and are expected to continue growing at this rate for the next 2 years. Thereafter, the growth rate is expected to be 0% for the foreseeable future. What is the current value of Vincents Hotel common stock to an investor requiring 17.00% rate of return?
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