Question: Please show all the necessary steps to prove your answer. If not, no partial credit will be given. 1. Global Tek is a new firm

 Please show all the necessary steps to prove your answer. If

Please show all the necessary steps to prove your answer. If not, no partial credit will be given. 1. Global Tek is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 15 percent a year for the next four years and then the growth rate to 3.5 percent per year. The cor of $.20 per share. What is the current value of one share of this stock if the required rate of returm is 15.5 percent? decreasing

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