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6. Multi-stage DCF. Parabolica Inc. paid $2.40 per share in dividends last year. Over the next four years the dividends are expected to grow at

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6. Multi-stage DCF. Parabolica Inc. paid $2.40 per share in dividends last year. Over the next four years the dividends are expected to grow at 25%, 20%, 15% and 10%, respectively. Beginning in year 5 the growth rate will be a constant 5%. The required return on equity is 9%. Compute the current value per share

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