What is the value of stock if the required rate of retun

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Julie’s X-Ray Company paid $2.00 per share in common stock dividends last year. The company’s policy is to allow its dividend to grow at 5 percent for 3 years and then the rate of growth changes to 3 percent per year from year four forward. What is the value of the stock if the required rate of return is 8 percent?

Reference no: EM131319365

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