Currently a stock pays a dividend per share of $6.64. A security analyst projects the future dividend
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Currently a stock pays a dividend per share of $6.64. A security analyst projects the future dividend growth rate over the next five years to be 12.0%, 11.0%, 10.0%, 9.0%, 8.0% and then 7.0% each year thereafter to infinity. The levered cost of equity capital for the firm is 12.0% per year. What is the stock’s value?
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