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May 24, 2015

Homework Help: finance

Posted by lynne on Saturday, July 10, 2010 at 7:49pm.

Julie's X-Ray Company paid $2.00 per share in common stock dividends last year. The company's policy is to allow its dividend to grow at 5 percent for 4 year and then the rate of growth changes to 3 percent per year from year 5 and on. What is the value of the stock if the required rate of return is 8 percent.

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