Question: Renew it, Inc., is preparing to pay its first dividend. It is going to pay CHS 0.45, CHS 0.60, and GHS 1 a share over

Renew it, Inc., is preparing to pay its first dividend. It

Renew it, Inc., is preparing to pay its first dividend. It is going to pay CHS 0.45, CHS 0.60, and GHS 1 a share over the next three years, respectively. After that, the company has stated that the annual dividend will be GHS 1.25 per share indefinitely. What is this stock worth to you per share if you demand a 10.8 percent rate of return on stocks of this type? A. GHS6.67 B. GHS8.21 C. GHS10.14 D. GHS 11.47

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