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Crystal Glass recently paid $3.60 as an annual dividend. Future dividends are projected at $3.80,...

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Finance

Crystal Glass recently paid $3.60 as an annual dividend. Future dividends are projected at $3.80, $4.10, and $4.25 over the next 3 years, respectively. Afterwards, the dividend is expected to increase by 2.25 percent annually. What is one share of this stock worth to you currently if you require a 10.5 percent rate of return on similar investments?

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