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A stock just paid a dividend of $2.71. The dividend is expected to grow at 23.60% for three years and then grow at 4.34% thereafter.
A stock just paid a dividend of $2.71. The dividend is expected to grow at 23.60% for three years and then grow at 4.34% thereafter. The required return on the stock is 11.45%. What is the value of the stock? Answer format: Currency: Round to: 2 decimal places. Similar to CSD Chapter 7#16 Correct Answer: $64.28
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Financial Valuation
Authors: James R. Hitchner
4th Edition
1119286603, 978-1119286608
