Question: Over the next three years, Distant Groves will pay annual dividends of $.65 a share. After that, dividends are projected to increase by 1.2 percent

Over the next three years, Distant Groves will pay annual dividends

Over the next three years, Distant Groves will pay annual dividends of $.65 a share. After that, dividends are projected to increase by 1.2 percent per year. What is one share of this stock worth today at a required return of 12.5 percent? w

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