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A stock just paid an annual dividend of $4.61. The dividend is expected to grow by 6% per year for the next 5 years. It
A stock just paid an annual dividend of $4.61. The dividend is expected to grow by 6% per year for the next 5 years. It will then grow by 4% per year forever. The required rate of return is 11%. What is the dividend in year 5 ? Attempt 8/10 for 10p Attempt 1/10 for 10p What is the terminal value (P5) ? What is the value of the stock
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