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A firm just paid a dividend of D0 = $2.0. Analysts expect the company's dividend to grow by 30% this year, by 15% in Year
A firm just paid a dividend of D0 = $2.0. Analysts expect the company's dividend to grow by 30% this year, by 15% in Year 2, and at a constant rate of 6% in Year 3 and thereafter. The required return on the stock is 11.0%. What is the best estimate of the stocks current intrinsic value? Please provide your answer on excel.
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