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20 20. An analyst feels that the earnings and dividends of Pink Companywill grow at 25% for two years after which growth will fall to
20 20. An analyst feels that the earnings and dividends of Pink Companywill grow at 25% for two years after which growth will fall to a constant rate of 6%. If the projected discount rate is 10%, and Pink most recently paid a dividend of $1, the value of Pink stock using the multistage dividend discount model is closest to a $31.25 Ob $3354 e $36.65
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