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Bruins inc made two announcements concerning its common stock today. first, the company announced that its first annual dividend next year will be $3.00 a share. secondly, all dividends after that will
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Bruins inc made two announcements concerning its common stock today. first, the company announced that its first annual dividend next year will be $3.00 a share. secondly, all dividends after that will increase by 1.33 percent annually. what is the value of this stock at a discount rate of 14.0 percent?

User Lewis Kelsey
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i think the answer is 1.67

User Kibartas
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