Berry corp just paid an annual dividend of s235 the board, Ask an Expert

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Berry Corp just paid an annual dividend of S2.35. The Board of Directors at Berry Corp. decides that its dividend policy should reflect the company's high growth strategy. Yearly dividends will increase at a rate of 5% per year over the first three years, then will increase at a rate of 3% for the fourth year, and finally grow at 2% per year thereafter. How much should you pay for such a stock if you expect a 4% annual rate?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92748229

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