1. Giggle Inc. pays no dividends now. An analyst expects that Giggle will pay the...
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1. Giggle Inc. pays no dividends now. An analyst expects that Giggle will pay the following dividends per share beginning in 2021: Year 2021 2022 2023 2024 Dividends $10 $15 $22 $30 After 2024 dividends will grow annually by 5 percent forever. If investors expect a 15 percent annual return, can you find the value of one Giggle common share at the end of 2020
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