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What is the current value of a share of drone

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Question - Drone, Inc currently pays $3.50 dividend per share. Next years dividend is expected to be $4 per share. After next year, dividends are expected to increase at a 5 percent annual rate for three years and a 4 percent annual rate thereafter. What is the current value of a share of drone, inc stock to an investor who requires a 12 percent return on his or her investment?

Reference no: EM132805455

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