Question: 3-(20 marks) Arshdeep Mobile is a new rm in a rapidly growing industry. The company is planning on increasing its annual dividend by 20% a

3-(20 marks) Arshdeep Mobile is a new rm in a rapidly growing industry. The company is planning on increasing its annual dividend by 20% a year for the next three years and then decreasing the growth rate to 5% per year. The company just paid its annual dividend in the amount of $1.00 per share. What is the current value of one share of this stock if the required rate of return is 16%

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