Julie's X-Ray Company paid $2.00 per share in common stock dividends last year.The company will allow its dividend to grow at 5 percent for 4 years,and after that the rate of growth will be 3 percent forever.What is the value of the stock if the required rate of return is 8 percent?

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The Answer of Julie's X-Ray Company paid $2.00 per share in common stock dividends last year.The company will allow its dividend to grow at 5 percent for 4 years,and after that the rate of growth will be 3 percent forever.What is the value of the stock if the required rate of return is 8 percent?

Julie's X-Ray Company Paid $2