Business, 22.04.2020 03:07 rachael8304

XYZ Inc. is planning on increasing its annual dividend by 10 percent a year for the next 4 years and then decreasing the growth rate to 5 percent per year. The company just paid its annual dividend in the amount of $0.20 per share. What is the current value of one share of this stock if the required rate of return is 15 percent

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