Question: Square industries does not expect to pay any dividends for the next 3 years. Four years from now, they hope to pay .60 a share

Square industries does not expect to pay any dividends for the next 3 years. Four years from now, they hope to pay .60 a share and double that amount each year for the next three years. After that, the dividend is expected to increase in value by 3% annually/ What is the value of the stock today if the required return is 12%? a. 27.13 b. 29.30 c. 30.38 d. 31.76 e.32.81

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