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Question: terex company is a new firm in a rapidly growing...

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Terex Company is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 18% a year for the next four years and then decreasing the growth rate to 5% per year. The company just paid its annual dividend in the amount of $1.20 per share. What is the current value of one share if the required rate of return is 12%?

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