What is the current per share value at a required return

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Galloway, Inc. just paid a dividend of $3 per share and has announced that it will increase its dividend by $1 per share for each of the next 4 years, and then never pay another dividend. What is the current per share value at a required return of 12.7 percent? Answer: $16.02 Can you deliver the detailed solution of this problem.

Reference no: EM132419175

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