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A fast growing firm recently paid a dividend of $0.50 per share. The dividend is expected to increase at a 30 percent rate for the
A fast growing firm recently paid a dividend of $0.50 per share. The dividend is expected to increase at a 30 percent rate for the next four years. Afterward a more stable 11 percent growth rate can be assumed.
If a 12.5 percent discount rate is appropriate for this stock what is its value?
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