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Westover winds just paid a dividend of $2.10 per share. the company will increase its dividend by 8% next year and will then reduce its
Westover winds just paid a dividend of $2.10 per share. the company will increase its dividend by 8% next year and will then reduce its dividend growth rate by 2 percentage points per year until it reaches the industry average of 2% dividend growth! after which the company will keep a constant growth rate forever. What is the stock price in 3 years? What us the price of this stock today given a required return of 11%
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