Red sun rising just paid a dividend of 234 per share the, Ask an Expert

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Red Sun Rising just paid a dividend of $2.34 per share. The company said that it will increase the dividend by 20 percent and 15 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 4.2 percent. If the required return is 11.2 percent, what is the stock price today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92857875

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