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A firm recently paid a dividend of $2.22 per share. The dividend is expected to grow by 13% for the next 2 years. The dividend
A firm recently paid a dividend of $2.22 per share. The dividend is expected to grow by 13% for the next 2 years. The dividend is expected to grow by a more modest 3.50% thereafter. What is the firm's stock value given a 9.72% discount rate? Multiple Choice $21.47 $51.81 $39.18 $43.82
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