Kettle Korn, Inc. just paid a $1.40 per share annual dividend. The company is planning on paying $1.50, $1.65, $1.90, and $2.00 a share over the next 4 years, respectively. After that, the dividend
Will be a constant $2.25 per share per year. What is the market price of this stock if the market rate
Of return is 12%?

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The Answer of Kettle Korn, Inc. just paid a $1.40 per share annual dividend. The company is planning on paying $1.50, $1.65, $1.90, and $2.00 a share over the next 4 years, respectively. After that, the dividend
Will be a constant $2.25 per share per year. What is the market price of this stock if the market rate
Of return is 12%?