Question: Star Light & Power increases its dividend 4.5 percent per year every year. This utility is valued using a discount rate of 9 percent, and

Star Light & Power increases its 4.5 percent per year every year. This utility is valued using a of 9 percent, and the stock currently sells for $83 per share. If you buy a share of stock today and hold on to it for at least three years, what do you expect the value of your check to be three years from today?

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