Question: Nu-Tek Inc. recently announced that it will pay its first annual dividend in one year in the amount of $0.50 a share. The dividend will

Nu-Tek Inc. recently announced that it will pay its first annual dividend in one year in the amount of $0.50 a share. The dividend will be increased by 50% annually for the following two years, after which time the increase will be limited to 2.5% annually. How much are you willing to pay for one share of this stock today if you require a 14% rate of return?

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