Savvy Solutions is a software company. Over the last two decades, the company has not been paying
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Savvy Solutions is a software company. Over the last two decades, the company has not been paying dividends. However, the company expects to pay Sh. 1.50 dividends per share at the end of the current year. Thereafter, Earnings and Dividends are expected to grow at an annual rate of 2 percent per year into the foreseeable future. If common stockholders require a minimum return of 8 percent; how much is the stock of Savvy Solutions worth today.
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