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A fast - growing firm recently paid a dividend of $ 0 . 1 5 per share. The dividend is expected to increase at a
A fastgrowing firm recently paid a dividend of $ per share. The dividend is expected to increase at a percent rate for the next three years. Afterwards, a more stable percent growth rate can be assumed.
If a percent discount rate is appropriate for this stock, what is its value today? Do not round intermediate calculations. Round your final answer to decimal places.
Stock Value $
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