Finance 6320 -Titanic Communications Is Planning On Increasing Its Annual Dividend

Titanic Communications is planning on increasing its annual dividend by 21 percent a year for the next 4 years and then decreasing the growth rate to 5 percent per year. The company just paid its annual dividend in the amount of $1. 10 per share. What is the current value of one share of this stock if the required rate of return is 8. 50 percent?

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