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A firm's most recent dividend was $4.00.The firm is expected to grow by 16% for the next two years, and then grow by 8% forever
A firm's most recent dividend was $4.00.The firm is expected to grow by 16% for the next two years, and then grow by 8% forever (i.e. to infinity). The required rate of return on equity is 10%. Calculate today's stock price.
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