New Products pays no dividend at the present time. Starting in Year 3, the firm...
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New Products pays no dividend at the present time. Starting in Year 3, the firm will pay o $.25 dividend per share for two years. After that, the company plans on paying a constant $.75 a share annual dividend indefinitely. How much should you pay per share to purchase this stock today at a required return of 13.8 percent? Multiple Choice
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