The Division Bell Company is a new firm in a rapidly growing industry. The company is planning
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Question:
The Division Bell Company is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by percent a year for the next years and then decreasing the growth rate to percent per year forever. The company just paid its annual dividend in the amount of $ per share. What is the current value of one share of this stock if the required rate of return is percent?
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