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A company 'Millennium X' is expected to increase by 20% in one year and by 15 %in two years. After that dividends will increase at
A company 'Millennium X' is expected to increase by 20% in one year and by 15 %in two years. After that dividends will increase at a rate of 5% per year indefinitely. If the last dividend was R10 and the required return is 20%, what is the price of Millennium X stock?
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
