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Business, 09.12.2021 02:30 kingjames82

The Sawtooth Company is planning on increasing its annual dividend by 10 percent a year for the next 2 years and then decreasing the growth rate to 5 percent per year. The company just paid its annual dividend in the amount of $1.20 per share. What is the current value of one share of this stock if the required rate of return is 8 percent

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