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A fast growing company paid a dividend this year of $1, which is expected to grow at 20% for two years. Afterwards, the growth rate
A fast growing company paid a dividend this year of $1, which is expected to grow at 20% for two years. Afterwards, the growth rate will be 7%. If the required is 12%, what is the value of this stock at the end of the second year (i.e. P2)? A. $23.21 B. $30.82 C. $38.88 D. $52.32
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