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A company has just paid a dividend of 3.72$. Its discount rate is 10.4%, and the expected perpetual growth rate is 4.8%. What would you
A company has just paid a dividend of 3.72$. Its discount rate is 10.4%, and the expected perpetual growth rate is 4.8%. What would you expect to be the stock's price IN ONE YEAR?
Answer is 72.96. Just need work to understand how to solve this problem.
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