A stock will pay dividends of 3 5 and 9 over the next three


A stock will pay dividends of $3, $5, and $9 over the next three years, and then increase dividends at a rate of 9% afterwards. Its required rate of return is 20%. What is the value of the stock?

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Finance Basics: A stock will pay dividends of 3 5 and 9 over the next three
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