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Felix Pet Foods just paid an annual dividend, and it will pay an annual dividend...

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Finance

Felix Pet Foods just paid an annual dividend, and it will pay an annual dividend of $.75 a share. The company will increase the dividend by 12.5 percent from now to fourth year after that, and then afterward increase the dividend by 2 percent annually forever. The required rate of return is 12 percent. What is the closest to this stocks worth per share today?

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