ookie Co. is growing at a very fast rate. As a result, the company expects...
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ookie Co. is growing at a very fast rate. As a result, the company expects to increase its dividend to $0.50, $1.00, $1.50, and $2.00 over the next four years, respectively. After that, the dividend is projected to increase by 5 percent annually. What is the current value of this stock if the required return is 12 percent?
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