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Question: Suppose Anton Inc. just paid a dividend of $3 dollars. it will keep a constant dividend growth ra…

by | Sep 9, 2023 | finance



Suppose Anton Inc. just paid a dividend of $3 dollars. it will
keep a constant dividend growth rate of 4% for the first 3 years.
Afterwards, the company pledges to maintain a constant 9.7% growth
rate in dividends forever. If the required return on the stock is
13.7%, what is the current price share?

  

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