Question: Answer Score Britton Inc made two announcements concerning its common stock today. First, the company announced that the company will start to pay an annual

 Answer Score Britton Inc made two announcements concerning its common stock

Answer Score Britton Inc made two announcements concerning its common stock today. First, the company announced that the company will start to pay an annual dividend per the schedule shown below.. Secondly, all dividends after year 4 will increase by 2.5% percent annually forever. What is the value of this stock at a discount rate of 12.5 percent? Maximum Score 10.00 Year end Dividends $0.000 $0.000 $3.000 $4.000 $5.000

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