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Business, 27.11.2019 22:31 Beth5225

Snowdrops co. is growing at a very fast rate. as a result, the company expects to increase its dividend to $0.50, $1.00, $1.50, and $2.00 over the next four years, respectively. after that, the dividend is projected to increase by 6 percent annually. what is the current value of this stock if the required return is 14 percent? a. $23.51b. $19.09c. $26.50d. $24.69

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