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What is the value of this stock

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Question - Nu-Tech is expecting a period of intense growth and has decided to reduce its annual dividend by 10 percent a year for the next two years. After that, it will maintain a constant dividend of $.70 a share. Last year, the company paid $1.80 per share. What is the value of this stock if the required rate of return is 13 percent?

Reference no: EM132823277

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