Marshall arts studios just paid an annual dividend of 145 a


Question: Marshall Arts Studios just paid an annual dividend of $1.45 a share. The firm plans to pay annual dividends of $1.50, $1.65, and $1.88 over the next 3 years, respectively. After that time, the dividends will be held constant at $1.70 per share. What is this stock worth today at a 9 percent discount rate?

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Finance Basics: Marshall arts studios just paid an annual dividend of 145 a
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