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12. Show your full work LMN Industries just paid a dividend of $2.50. Analysts expect the company's dividend to grow by 15% this year, by

12.
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LMN Industries just paid a dividend of $2.50. Analysts expect the company's dividend to grow by 15% this year, by 30% in Year 2, and at a constant rate of 6% in Year 3 and thereafter. The required return on this stock is 11.00%. What is the best estimate of the stock's current market value

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