Costco Inc just paid a dividend of $2.45 per share. The company will increase its dividend...

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Costco Inc just paid a dividend of $2.45 per share. The company will increase its dividend by 20% next year and will after reduce it by 5% points per year until it reaches the industry average of 5% dividend growth, and keep it at that rate forever. If the required return of the stock is 11%, what will a share sell for today? Paragraph BI U v A 20 +v Costco Inc just paid a dividend of $2.45 per share. The company will increase its dividend by 20% next year and will after reduce it by 5% points per year until it reaches the industry average of 5% dividend growth, and keep it at that rate forever. If the required return of the stock is 11%, what will a share sell for today? Paragraph BI U v A 20 +v