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11. A common stock has just paid a dividend of $2.18/share. The dividend is expected to grow by 5.62% per year for 18 years. After
11. A common stock has just paid a dividend of $2.18/share. The dividend is expected to grow by 5.62% per year for 18 years. After that the dividends will stay constant in perpetuity. The required rate of return on the stock is 16%. What should the price of the stock be today? | 12. A common stock has just paid a dividend of $2.32/share. The dividend is expected to grow by 16% for the coming 28 years. After that, the growth rate in dividend is expected to be 4.28% per year in perpetuity. The RRR on the stock is 12.82%. What is the value of the stock today
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