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. 1. eBook Problem Walk Through Nonconstant Growth Stock Valuation Assume that the average firm in your company's industry is expected to grow at a

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. 1. eBook Problem Walk Through Nonconstant Growth Stock Valuation Assume that the average firm in your company's industry is expected to grow at a constant rate of 5% and that its dividend yield is 6%. Your company is about as risky as the average firm in the industry and just paid a dividend (D) of $1.75. You expect that the growth rate of dividends will be 50% during the first year (90,1 - 50%) and 30% during the second your (1,2 - 30%). After Year 2, dividend growth will be constant at 5%What is the required rate of return on your company's stock? What is the estimated value per share of your firstock? Do not round intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number Ps

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