Dividend is expected to grow by the same amount

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North Carolina Haymakers Inc. ("NCHI") has just paid a dividend of $1.65 per share. Sales and profits for Pale Hose are expected to grow at a rate of 3% per year. Its dividend is expected to grow by the same amount. If the required return is 14%, what is the value of a share of NCHI?

Reference no: EM131059052

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