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Business, 15.07.2020 03:01 Jenifermorales101
Westover Winds just paid a dividend of $2.10 per share. The company will increase its dividend by 8 percent next year and will then reduce its dividend growth rate by 2 percentage points per year until it reaches the industry average of 2 percent dividend growth, after which the company will keep a constant growth rate forever. What is the price of this stock today given a required return of 11 percent?
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Westover Winds just paid a dividend of $2.10 per share. The company will increase its dividend by 8...
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