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5 help asap Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop
5 help asap
Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV1 = $10.00, DIV2 = $10.50, and DIV3 = $26.00. What is the stock price if the discount rate is 11%? (Do not found intermediate calculations. Round your answer to 2 decimal places.) Stock price Step by Step Solution
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