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23. Gulfport Technology, Inc. is experiencing tremendous growth due to a number of successful technological breakthroughs. Due to impending competition from other firms, however, growth

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23. Gulfport Technology, Inc. is experiencing tremendous growth due to a number of successful technological breakthroughs. Due to impending competition from other firms, however, growth should return to normal in a few years. Analysts believe dividends will grow at a rate of 20% per year for the next five years. After that, they should average about 8% per year indefinitely. The latest dividend (DO) was $1.00 per share. What is the value of a share of common stock if investors require a 14% annual rate of return

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