A firm recently paid a 080 annual dividend if the required, Financial Management

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A firm recently paid a 080 annual dividend if the required

A firm recently paid a $0.80 annual dividend. The dividend is expected to increase by 14 percent in each of the next four years. In the fourth year, the stock price is expected to be $62. If the required return for this stock is 16.50 percent, what is its current value?

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Financial Management: A firm recently paid a 080 annual dividend if the required

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