Question: 2. Distant Groves announced today that it will begin paying annual dividends next year. Dividends for the first three years will be $.15, S.20, and

2. Distant Groves announced today that it will begin paying annual dividends next year. Dividends for the first three years will be $.15, S.20, and $.25 a share, respectively. After that, dividends are projected to increase by 4 percent per year. What is one share of this stock worth today at a required return of 8.5 percent

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