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A fast-growing firm recently paid a dividend of $0.30 per share.The dividend is expected to increase at a 10 percent rate for the next three
A fast-growing firm recently paid a dividend of $0.30 per share.The dividend is expected to increase at a 10 percent rate for the next three years.Afterwards a more stable 5 percent growth rate can be assumed.If a 6 percent discount rate is appropriate for this stock what is its value today?
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