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Big Ted Co's dividend payments per share over the last few years have been as follows.
The dividend for 20X4 has just been paid. The company's cost of capital is 12%. Using the information available to make the best possible estimate of the dividend growth rate, use the dividend growth model to calculate the value of a Big Ted share. A. $34.61. B. $35.88. C. $31.72. D. $35.27. |