What is the market price of this stock if the market rate

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Reference no: EM131970722

LK Airlines paid an annual dividend of $1.06 a share last month. The company is planning on paying $1.60, $1.95, and $2.00 a share over the next 3 years, respectively.

After that, the dividend will be constant at $1.60 per share per year. What is the market price of this stock if the market rate of return is 10.5 percent?

Reference no: EM131970722

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