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0 X -W6 A Assignment: wWS Save Sunt adgment for Grading Que of Check My Work (3 remaining) Problem Wate-Through Nonconstant Growth Steck Valuation Simon
0 X -W6 A Assignment: wWS Save Sunt adgment for Grading Que of Check My Work (3 remaining) Problem Wate-Through Nonconstant Growth Steck Valuation Simon Corporation does not pay any vidends because expanding rapidly and needs to retain all of its earnings. However, investors expect Simpkins to begin paying dividends, with the first dividend of 10.75 coming 3 years from today. The dividend should grow rapidly at a rate of 60 per year during Years 4 and 5. After years, the coman d a ta constant role of per year. If the requeretum on the stock is what is the value of the stock today (assume the markets in equilibrium w the return to the expected return) De not found intermediate calculatione Laund your answer to the nearest cent Show All
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