What is the value of the stock today

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Reference no: EM13288434

Square industries does not expect to pay any dividends for the next 3 years. Four years from now, they hope to pay .60 a share and double that amount each year for the next three years. After that, the dividend is expected to increase in value by 3% annually/ What is the value of the stock today if the required return is 12%?

a. 27.13
b. 29.30
c. 30.38
d. 31.76
e.32.81

Reference no: EM13288434

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