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a stock is expected to pay a dividend of $1.20 a year from today and then a dividend of $2.60 the following year. Thereafter, dividends
a stock is expected to pay a dividend of $1.20 a year from today and then a dividend of $2.60 the following year. Thereafter, dividends are expected to grow at a constant annual growth rate of 2.5%. assuming a discount rate of 12%, what is the fair value of the stock??
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