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A company just pid a dividend of D0=1.21. Analysts expect the companys dividend to grow by 27% this year, by 27% in yesr 2 and
A company just pid a dividend of D0=1.21. Analysts expect the companys dividend to grow by 27% this year, by 27% in yesr 2 and at a constant rate of 6% in year 3 and thereafter. the required return on this low risk stock is 9%. What is the best estimate of the stocks current market value, $xxx.xx, no $ sign
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