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Answer follow image Emergency. Don,t use excel. Do calculation Brandy Clark, CFA, has forecast that Aceler, Inc., will pay its first dividend two years from
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Emergency. Don,t use excel. Do calculation
Brandy Clark, CFA, has forecast that Aceler, Inc., will pay its first dividend two years from now in the amount of $1.25. For the following year, she forecasts a dividend of $2.00 and expects dividends to decrease at an average rate of 7% for the foreseeable future after that. If the risk-free rate is 4.5%, the expected market risk premium is 7.5%, and Aceler's beta is 0.9, how much would be the current value of Aceler sharesStep by Step Solution
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