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Business, 27.09.2019 03:10 curtisepps

Just paid a dividend of $1.60 per share. the company will increase its dividend by 20 percent next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company's stock is 17 percent, what will a share of stock sell for today

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