If investors require an 8 rate of return what is the market


Fools Gold Jewelry has just paid a stock dividend of $1.50. Over the next 3 years, Fools Gold plans to increase their dividend by 10% each year. Beginning in year 4 Fools Gold will decrease their dividend to 5% growth forever. If investors require an 8% rate of return, what is the market value of their stock today? (rounded intermediate calculations to four decimal places)

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Finance Basics: If investors require an 8 rate of return what is the market
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