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Business, 13.11.2020 17:10 baby851

Nu-Tek is expanding rapidly. As a result, the company expects to pay annual dividends of $.62, .80, and $1.05 per share over the next three years, respectively. After that, the dividend is projected to increase by 4% annually. What is the current value of this stock if the required return is 16%? a. $7.63.
b. $9.67.
c. $10.46.
d. $6.58.
e. $8.49.

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