A firm recently paid a 100 annual dividend the dividend is, Financial Management

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A firm recently paid a 100 annual dividend the dividend is

A firm recently paid a $1.00 annual dividend. The dividend is expected to increase by 10 percent in each of the next four years. In the fourth year, the stock price is expected to be $100. If the required rate for this stock is 14 percent, what is its value?

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Financial Management: A firm recently paid a 100 annual dividend the dividend is

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