The Martin-Rehak Institution recently released a successful line of baseball jerseys and is seeking to begin issuing
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The Martin-Rehak Institution recently released a successful line of baseball jerseys and is seeking to begin issuing dividends. The first dividend of $1.50 will be paid 4 years from now. Dividends are expected to grow at 10% p.a. for 5-years before stabilising at 3% p.a. The cost of equity is 5% p.a. Assume dividends are paid semi-annually and that all rates given compound annually.
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