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A companys share just paid a dividend of $4.00. You expect the dividends to grow by 20% for the next 3 years and then settle
A companys share just paid a dividend of $4.00. You expect the dividends to grow by 20% for the next 3 years and then settle down to a constant 2.0% growth. If the required return on the share is 11.0%, what is your estimate of the fair value (price) of the share?
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