question archive Long Life Floors is expected to pay an annual dividend of $7 a share and plans on increasing future dividends by 4 percent annually

Long Life Floors is expected to pay an annual dividend of $7 a share and plans on increasing future dividends by 4 percent annually

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Long Life Floors is expected to pay an annual dividend of $7 a share and plans on increasing future dividends by 4 percent annually. The discount rate is 11 percent. What will the value of this stock be 5 years from today (in $ dollars)? $_

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