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Finco is a new firm that just paid an annual dividend of $1 a share....

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Finance

Finco is a new firm that just paid an annual dividend of $1 a share. The firm plans to increase its dividend by 20% per year for the next four years and then decrease the growth rate to 5% annually. If the required rate of return is 10%, what is one share of this stock worth today?

$35.77

$34.77

$32.07

$48.59

$43.60

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