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(Solved by Expert Tutors) Larchmont Wholesalers just announced it is raising its annual dividend<


to $3.53 per share next year and has committed to increase its dividend by 3.60% annually in the future. Based on this information, how much will one share of this stock be worth 11 years from now if the required rate of return is 14.04%?

 

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DATE ANSWERED

Apr 19, 2020

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