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Posted on Jul 14, 2024

A stock just paid a dividend of $1.09. The dividend is expected to grow at 29.43% for two years and then grow at 4.30% thereafter.

A stock just paid a dividend of $1.09. The dividend is expected to grow at 29.43% for two years and then grow at 4.30% thereafter. The required return on the stock is 12.09%. What is the value of the stock?

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