What is this stock worth today at nine percent discount rate

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Reference no: EM131525438

Marshall Arts Studios just paid an annual dividend of $1.45 a share. The firm plans to pay annual dividends of $1.50, $1.65, and $1.88 over the next 3 years, respectively. After that time, the dividends will be held constant at $1.70 per share. What is this stock worth today at a 9 percent discount rate? $14.08 $14.30 $16.67 $18.80 $18.99.

Reference no: EM131525438

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