Apollo Solarworks, Inc. is a specialty company in the solar energy production. Based on its latest...
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Apollo Solarworks, Inc. is a specialty company in the solar energy production. Based on its latest projections, the company expects to increase its annual dividend by 19.8 percent per year for the next two years and by 13.9 percent per year for the following two years. After that, the company plans to pay a constant annual dividend of $2.97 a share. The last dividend paid was $1.30 a share. What is the current value of this stock if the required rate of return is 11.9 percent? Answer Tolerance: + $ 0.055 Apollo Solarworks, Inc. is a specialty company in the solar energy production. Based on its latest projections, the company expects to increase its annual dividend by 19.8 percent per year for the next two years and by 13.9 percent per year for the following two years. After that, the company plans to pay a constant annual dividend of $2.97 a share. The last dividend paid was $1.30 a share. What is the current value of this stock if the required rate of return is 11.9 percent? Answer Tolerance: + $ 0.055
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