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QUESTION
March Hair Ltd/ just paid a dividend of $1.80, which it expects to be $2.90 next year and $4.00 the next year. After that time the dividend will...
March Hair Ltd/ just paid a dividend of $1.80, which it expects to be $2.90 next year and $4.00 the next year. After that time the dividend will likely decline to 5 percent per year, forever. With required rates of return at 14 percent, what should investors par for March Hair?
