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  • 22-05-2023
  • Business
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a stock just paid an annual dividend of $2.4. the dividend is expected to grow by 8% per year for the next 3 years. the growth rate of dividends will then fall steadily (linearly) from 8% after 3 years to 5% in year 6. what is the value of the stock if the dividend growth rate will stay 0.05 (5%) forever after 6 years?

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