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Business, 28.11.2019 03:31 Cullen7926

The bell weather co. is a new firm in a rapidly growing industry. the company is planning on increasing its annual dividend by 15 percent a year for the next 4 years and then decreasing the growth rate to 4 percent per year. the company just paid its annual dividend in the amount of $1.50 per share. what is the current value of one share of this stock if the required rate of return is 7.00 percent? a. $78.09b. $90.95c. $69.38d. $92.45e. $76.59

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