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An enterprise is expected to pay a dividend of $ 0 . 5 0 in one year. The dividend is expected to grow at a

An enterprise is expected to pay a dividend of $0.50 in one year. The dividend is expected to grow at a rate of 15 percent per year for the next four years up to and including year 5 as the firm goes through a period of rapid growth. After that, it is expected to grow at an average rate of 5 percent per year forever. If the required return is 20 percent, what is the value of a share? (dont use excel and show your work)

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