Question: Star Light & Power increases its dividend 2.4 percent per year every year. This utility is valued using a discount rate of 11 percent, and

Star Light & Power increases its dividend 2.4 percent per year

Star Light & Power increases its dividend 2.4 percent per year every year. This utility is valued using a discount rate of 11 percent, and the stock currently sells for $47 per share. If you buy a share of stock today and hold on to it for at least three years, what do you expect the value of your dividend check to be three years from today

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