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QUESTION
My company expects to pay dividends (per share) of $0.60, $0.90, $2.40, and $3.50 during the next four years.
My company expects to pay dividends (per share) of $0.60, $0.90, $2.40, and $3.50 during the next four years. Beginning in the fifth year, the dividend is expected to grow at a rate of 4% indefinitely. If investors require a 20% return to purchase my stock, what is the current value of my company?
