Polly Corporation just paid a dividend of $1.65 per share. The company expects that the dividend will grow at a rate of 8% for next four years. After year four it is expected that the dividend will decline at a rate of 2.5% indefinitely. If the required return is 12%, what is the value of a share of stock?
Summary: This question belongs to finance and discusses about a company’s value of a share of stock.
Total word count: 50
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