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A fast growing firm paid a dividend of $4.38 per share during the most recent year, The dividend is expected to increase at a rate
A fast growing firm paid a dividend of $4.38 per share during the most recent year, The dividend is expected to increase at a rate of 27.0% per year for the next 3 years. Afterwards, a more stable 3.20% annual growth rate should be assumed - If a 13.80% discount rate is appropriate for this stock, what is its value? (Note: Round all calculations to 2 decimal places, i.e. $12.34
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