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A company has just paid out a per-share dividend of $5.15 on its common stock. Analysts expect that these per-shares dividends will grow at a
A company has just paid out a per-share dividend of $5.15 on its common stock. Analysts expect that these per-shares dividends will grow at a rapid rate of 16% over the coming 6 years, after which the rate of growth in per-share dividends will decline to 4.5%. It is estimated that investors requite a return of 13% on this stock. Each share of this stock should be selling for
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