Dividends are expected-what is current value of one share

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Reference no: EM131027022

Nu-Tech stock's last annual dividend was $1.10 a share. Dividends are expected to increase by 25 percent for the next two years and then increase at a constant 4 percent annually. The required return on this high-risk stock is 18.5 percent. What is the current value of one share?

Reference no: EM131027022

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