Felix pet foods plans to pay an annual dividend of 75 next, Ask an Expert

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Felix Pet Foods plans to pay an annual dividend of $.75 next year, increase the dividend by 12 percent for the following three years, and then increase the dividend by 2 percent annually thereafter. The required rate of return is 12.5 percent. What is this stock worth per share today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92392227

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