Analysts expect hi-tech inc to increase its dividend by 15

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Analysts expect Hi-tech, Inc. to increase its dividend by 15% annually for the next four years, and then settle into an annual increase of 4% thereafter. The firm has just paid an $0.88 annual dividend. At a 12.25% required rate of return, what would be the firm's expected stock price?

Reference no: EM13573131

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