Analysts forecast that dixie chicks inc dci will pay a


Qusetion: Analysts forecast that Dixie Chicks, Inc. (DCI) will pay a dividend of $2.20 a share at the end of this year, continuing a long-term growth trend of 9 percent a year. If this trend is expected to continue indefinitely and investors' required rate of return for DCI is 18 percent, what is the market value per share of DCI's common stock?

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