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A fast-growing firm recently paid a dividend of $0.95 per share. The dividend is expected to increase at a 15% rate for the next three

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A fast-growing firm recently paid a dividend of $0.95 per share. The dividend is expected to increase at a 15% rate for the next three years. Afterwards, a more stable 10 percent growth rate can be assumed. If an 11% discount rate is appropriate for this stock, what is ts value? Latest Dividend Non-constant growth rate $0.95 15.00% Length of time nonconstant growth rate lasts for (in years) Eventual constant growth rate Discount rate 10.00% 11.00%) Period Dividend 4 Value at period 5 Value Today

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