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The Onboard Co. is a new firm in a rapidly growing industry. Thecompany is planning on inc

The Onboard Co. is a new firm in a rapidly growing industry. Thecompany is planning on inc

The Onboard Co. is a new firm in a rapidly growing industry. Thecompany is planning on increasing its annual dividend by 21.2percent a year for the next 3 years and then decreasing the growthrate to 4 percent per year. The company just paid its annualdividend in the amount of $2.38 per share. What is the currentvalue of one share of this stock if the required rate of return is10.7 percent?

Abhinav 02-Dec-2019

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