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a Search this course work 5 - Chapter 9 ignment: Homework 5 - Chapter 9 Assignment Score: 55.00% Save tions Submit Assignment for Grading Problem

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a Search this course work 5 - Chapter 9 ignment: Homework 5 - Chapter 9 Assignment Score: 55.00% Save tions Submit Assignment for Grading Problem 9.14 (Nonconstant Growth) Question 10 of 10 Check My Work (3 remaining) eBook Problem Walk-Through Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $2.00 coming 3 years from today. The dividend should grow rapidly - at a rate of 44% per year - during Years 4 and 5, but after Year 5, growth should be a constant 10% per year. If the required return on Computech is 14%, what is the value of the stock today? Do not round Intermediate calculations. Round your answer to the nearest cent. Check My Work (3 remaining) MacBook Air

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