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The In-Tech Company just paid a dividend of $1.45 per share. Analysts expect its dividend...

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Accounting

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The In-Tech Company just paid a dividend of $1.45 per share. Analysts expect its dividend to grow at 30 percent per year for the next three years and then 6 percent per year thereafter. If the required rate of return on the stock is 16 percent, what is the current value of the stock

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