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5. A firm's most recent dividend was $2.00. The firm is expected to grow at 12% for the next 5 years. After five years, the

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5. A firm's most recent dividend was $2.00. The firm is expected to grow at 12% for the next 5 years. After five years, the terminal value is found using a P/E ratio of 16. The dividend payout ratio is 50%. The required rate of return on equity (i.e. the discount rate) is 14%. Find today's stock price

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