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What is the present value of the stock

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Question - TJmax is expected to pay a dividend of $2.50 a year from today. Annual dividends are expected to grow by 10% in year 2, by 7% in year 3, and thereafter by 4.50% per year. Stockholders require 11% per year. What is the present value of the stock?

Reference no: EM132780492

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