What is one share of this stock worth at a rate of return

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Special Motors recently paid $2 as its annual dividend. Future dividends are projected at $2.11 $2.29, and $2.35 over the next three years, respectively. After that, the dividend is expected to decrease by 3.3% annually. What is one share of this stock worth at a rate of return of 12.5%?

Reference no: EM132403246

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