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After that dividends are projected to increase at constant

City Movers announced that its next annual dividend will be $.40 a share. Dividends will be $.60, and $.75 a share annually for the following two years, respectively. After that, dividends are projected to increase at constant rate of 3.5 percent per year. How much is one share of this stock worth at a rate of return of 12 percent?

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Business Economics: After that dividends are projected to increase at constant

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