Business, 09.04.2021 03:50 mandyleu

13) Storico Co. just paid a dividend of $3.15 per share. The company will increase its dividend by 20 percent next year and 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 12 percent, what will a share of stock sell for today? (4 pts)

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13) Storico Co. just paid a dividend of $3.15 per share. The company will increase its dividend by 2...

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