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1. 2. DoorDash, a leading meal delivery app, is projecting next year's dividend at $1.45. The company is expecting a dividend growth rate of 22%

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DoorDash, a leading meal delivery app, is projecting next year's dividend at $1.45. The company is expecting a dividend growth rate of 22% over the next 5 years. After which, DoorDash expects to maintain a constant 8% growth rate in dividends forever. If the required rate of return on the stock is 11%, what is the stock's terminal value or future price? What is the current share price? (100 POINTS) LVMH Moet Hennessy Louis Vuitton SE currently sells for $503.90 per share and the required return on the stock is 7.1%. You also know that the total return on the stock is evenly divided between a capital gains yield and dividend yield. If LVMH maintains a constant growth rate in its dividend, what is the current dividend per share? (50 POINTS)

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