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4 Homework signments Module 4 Homework Assignment Score: 81.50 Submit Assignment for Grading Save estions Problem 9.14 (Nonconstant Growth) Question 17 of 20 Check My

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4 Homework signments Module 4 Homework Assignment Score: 81.50 Submit Assignment for Grading Save estions Problem 9.14 (Nonconstant Growth) Question 17 of 20 Check My Work (3 remaining) eBook 11 Problem Walk-Through Computech Corporation is expanding rapidly and currently needs to retain all of its earnings, hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $0.50 coming 3 years from today. The dividend should grow rapidly at a rate of 33% per year during Years 4 and 5, but after Year 5, growth should be a constant 4% per year. If the required return on Computech is 12%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent. Check My Work remaining) Dropboxinstadmg FA19 Commun sot ima CH TB Pod ISO 23% - @ 3Q@ HA C ER

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