Question: Rapid co. Just issued its first dividend of $0.50 and plans to double the dividend every year until it reaches $8.00, After that it plans

Rapid co. Just issued its first dividend of $0.50 and plans to double the dividend every year until it reaches $8.00, After that it plans to keep the dividend at $8.00 indefinitely. The required rate of return is 10% What is your overall return if you buy the stock today and sell it in 2 years?

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