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Posted: June 24th, 2023
Value of the Stock Assignment
Non-constant dividend growth: RGV Cooling Company paid $3.00 per share in common stock dividends last year. The company's policy is to allow its dividend to grow at 10 percent for 3 years and then the rate of growth changes to 4 percent per year from year four and on. What is the value of the stock if the required rate of return is 9 percent?
03.3 64.13 073.30 0 83.05. Get Finance homework help today
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