29. Nonconstant Growth. Planned Obsolescence has a product that will be in vogue for 3 years, at...
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29. Nonconstant Growth. Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV = $2, DIV = $2.50, and DIV = $18. What is the stock price if the discount rate is 12%? (LO2)
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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