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Question
Periscope Adventures last annual dividend was $0.63 a share. The firm will increase the dividend by 7 percent for the next 4 years and thereafter increase the dividend by 4 percent annually. What is this stock worth today if the required return is 11 percent?A. $10.38
B. $11.06
C. $11.30
D. $13.97
E. $14.08
Answer
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