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The Onboard Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 21.2 percent a year for the next 3 years and then decreasing the growth rate to 4 percent per year. The company just paid its annual dividend in the amount of $2.38 per share. What is the current value of one share of this stock if the required rate of return is 10.7 percent?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91779958

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