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XYZ Firm recently paid $1.00 as an annual dividend. Future dividends are projected at $1.50,...

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Finance

XYZ Firm recently paid $1.00 as an annual dividend. Future dividends are projected at $1.50, $2.00, $2.50, and $3.00 over the next 4 years, respectively. Beginning 5 years from now, the dividend is expected to increase by 2% annually. What is one share of this stock worth to you if you require 8 percent rate of return on similar investments?

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