Question: b. Crazy Dividends Inc. has announced that it will pay dividends only in alternate years, starting 2 years from now. It has just paid a

b. Crazy Dividends Inc. has announced that it will pay dividends only in alternate years, starting 2 years from now. It has just paid a $1.00 dividend per share and the next dividend will be at the end of year 2, followed by dividends at the end of year 4, 6, etc. Each dividend amount is 10% higher than the last payment. So, the next dividend will be $1.10. The stock is selling for $22 right now. What is the shareholders required return per year?

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