What is the current value of this stock

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The last dividend paid by Lynwood Properties was an annual dividend of $1.20 a share. Dividends for the following 4 years will be increased at an annual rate of 12 percent. After that, dividends are expected to increase by 2 percent each year. The discount rate is 14 percent. What is the current value of this stock?

Reference no: EM131063012

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