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A company pays a $1 dividend. This dividend is expected to grow at a supernormal rate of 15% for the next three years. Thereafter, the

A company pays a $1 dividend. This dividend is expected to grow at a supernormal rate of 15% for the next three years. Thereafter, the dividend growth rate will be 5%. The companys cost of common equity capital is 10%. What is the intrinsic value of the shares today?

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