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Question
The last dividend paid by New Technologies was an annual dividend of $1.40 a share. Dividends for the next 3 years will be increased at an annual rate of 8 percent. After that, dividends are expected to increase by 3 percent each year. The discount rate is 16 percent. What is the current value of this stock?A. $10.40
B. $12.60
C. $13.33
D. $14.10
E. $15.55
Answer
This answer is hidden. It contains 2 characters.
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