Distant groves announced today that it will begin paying, Financial Management

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Distant groves announced today that it will begin paying

Distant Groves announced today that it will begin paying annual dividends next year. Dividends for the first three years will be $ 15, $ 20, and $ 25 a share, respectively. After that, dividends are projected to increase by 4 percent per year. What is one share of this stock worth today at a required return of 8.5 percent?

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Financial Management: Distant groves announced today that it will begin paying

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