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  3. 8. laser corp currently pays an annual dividend of

8. Laser Corp currently pays an annual dividend of $3. Starting next fiscal year, the...

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Accounting

8. Laser Corp currently pays an annual dividend of $3. Starting next fiscal year, the dividend is expected to increase by 3% a year. If the current interest rate in the market is 6.5% per year, what is the value of Lasers stock today?

a. $38

b. $83

c. $88

d. $58

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