Company just paid its annual dividend in the amount

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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 17.4 percent a year for the next 3 years and then decreasing the growth rate to 4.6 percent per year. The company just paid its annual dividend in the amount of $2.16 per share. What is the current value of one share of this stock if the required rate of return is 11.8 percent?

Reference no: EM131055821

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