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14. Whatley Inc. paid a dividend of $2.5 last year. The firm is expecting dividends to grow at rate of 20% for the next 3
14. Whatley Inc. paid a dividend of $2.5 last year. The firm is expecting dividends to grow at rate of 20% for the next 3 years. After that growth is expected to be constant at 5% per year. Similar investments return 14%. Calculate the true value of this stock today. 2 points
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