A company plans to pay an annual dividend of 30 a share for


A company plans to pay an annual dividend of $.30 a share for two years commencing two years from today. After that time, a constant $1 a share annual dividend is planned indefinitely. Given a required return of 14 percent, what is the current value of this stock?

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Financial Management: A company plans to pay an annual dividend of 30 a share for
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