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Business, 25.01.2021 23:50 dondre54

Sbitany has been very successful in the past four years. Over these years, it paid a common stock dividend of $4 in the first year, $4.20 in the second year, $4.41 in the third year, and its most recent dividend was $4.63. Sbitany wishes to continue this dividend growth indefinitely. What is the value of the Sbitany's stock if the required rate of return is 12 percent?

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