Utah Technology, a mobile technology provider, just paid a dividend of 1.35 per share. The company plans
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Utah Technology, a mobile technology provider, just paid a dividend of 1.35 per share. The company plans to increase its dividends by 3% each year for the next 5 years, then reduce the annual increase to 1.5% in perpetuity. If the required rate of return of a Utah Technologies investor is 12%, what will a share of stock sell for today?
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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