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After careful analysis, you have determined that a firms dividends should grow at 7%, on average, in the foreseeable future. The firms last dividend was
After careful analysis, you have determined that a firms dividends should grow at 7%, on average, in the foreseeable future. The firms last dividend was $3. Compute the current price of this stock, assuming the required rate of return is 18%. Show the work that supports your answer.
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