Sanaponic, Inc. will pay a dividend of $6 for each of the next 3 years

| June 14, 2018

Sanaponic, Inc. will pay a dividend of $6 for each of the next 3 years, $8 for each of the years 4-7, and $10 for the years 8-10. Thereafter, starting in year 11, the company will pay a constant dividend of $7/year forever. If you require 16 percent rate of return on investments in this risk class, how much is this stock worth to you?

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