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What is the current value of stock-glim inc

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Reference no: EM132524057

Glim's Inc. is expected to pay annual dividends of $2.50 a share for the next three years. After that, dividends are expected to increase by 3% annually. What is the current value of this stock to you if you require a 9% rate of return on this investment? If the stock is selling in the market for $55 will you buy this stock? Explain you answer.

Reference no: EM132524057

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