A stock has just paid a dividend of 10. Dividends are expected to grow with 10% a
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A stock has just paid a dividend of 10. Dividends are expected to grow with 10% a year for the next 2 years.
After that the company is expecting a constant growth of 2% a year. The required return on the stock is 10%.
Determine todays stock price.
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Related Book For 
Lectures On Corporate Finance
ISBN: 9789812568991
2nd Edition
Authors: Peter L Bossaerts, Bernt Arne Odegaard
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