Crystal Glass announced that dividends per share over the next three years will be $3.80,...
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Accounting
Crystal Glass announced that dividends per share over the next three years will be $3.80, $4.10, and $4.25, respectively. Starting in year 4, the dividend is expected to increase by 2.35 percent per year indefinitely. What is one share of this stock worth today at a discount rate of 18.2 percent?
Group of answer choices
$25.34
$31.99
$18.36
$39.89
$45.07
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