8. Laser Corp currently pays an annual dividend of $3. Starting next fiscal year, the...
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8. Laser Corp currently pays an annual dividend of $3. Starting next fiscal year, the dividend is expected to increase by 3% a year. If the current interest rate in the market is 6.5% per year, what is the value of Lasers stock today?
a. $38
b. $83
c. $88
d. $58
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