Business, 13.10.2021 23:10 Lovely9678
A firm is considered a dividend aristocract if it has been increasing its dividend consistently for the past 25 years or longer. Consider such a firm that has increased its dividend an average of 1.5% per year for over 25 years and is expected to continue to do so in the future. If the most recent dividend paid by this firm is $2.10 and the required rate of return for investing in the firm is 12.3% what is the fair value of the firm stock
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