The company expects to boost the dividend at a rate of 15


CC Inc. stock recently paid a dividend of $3. The company expects to boost the dividend at a rate of 15% for the next two years. Thereafter, the growth rate is expected to be 5%. The required return on the stock is 12%. What is the expected stock price one year from now just after next year's dividend is paid?

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English: The company expects to boost the dividend at a rate of 15
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