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A stock just paid a dividend of $3. The dividend will grow at 30% the first year, 20% the second year and 10% the third
A stock just paid a dividend of $3. The dividend will grow at 30% the first year, 20% the second year and 10% the third year. The dividend will then stay constant (have zero growth) forever. If the required return is 10%, what is the price of the stock today? a. $49.96 b. $51.01 C. $52.38 d. $56.89
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