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May 25, 2015

Homework Help: finance

Posted by will smithe on Sunday, November 14, 2010 at 2:54am.

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

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