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Business, 12.03.2021 15:30 dani6651

Lucent is a young firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 18% a year for the next four years and then decreasing the growth rate to 5.2% per year. The company just paid its annual dividend in the amount of $4.30 per share. What is the current value of one share if the required rate of return is 15%

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