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28) Win's Wines Corp is expecting extranormal growth of 30% for 2 years before normal growth rates of 3% resume. The last dividend paid was
28) Win's Wines Corp is expecting extranormal growth of 30% for 2 years before normal growth rates of 3% resume. The last dividend paid was $1.00. The required rate of return for Win's is 8%. The dividend discount model implies that the current price of Win's would best be given by: A) $28.80 B) $29.66 C) $34.30 D) $32.50 E) $25.89
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