Asked by lynne

Julie's X-Ray Company paid $2.00 per share in common stock dividends last year. The company's policy is to allow its dividend to grow at 5 percent for 4 year and then the rate of growth changes to 3 percent per year from year 5 and on. What is the value of the stock if the required rate of return is 8 percent.

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Answered by hope
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Answered by hope
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Answered by Said Ali Ahmed
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