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As companies evolve, certain fectors can drive sudden growth. Thes may lead to an period of nonconstant, or variable, growth, Thirs would caust the expected

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As companies evolve, certain fectors can drive sudden growth. Thes may lead to an period of nonconstant, or variable, growth, Thirs would caust the expected growth rate to increase or decrease, thereby affecting the valuation model. For companies in such stuations, you would refer to the variable, or nonconstant, growth model for the valuation of the compary's stock. Consider the case of Portman Industries: Portman Industries just paid a dividend of $3.12 per share. The company expects the coming year to be very profitable, and its dividtrnd is expected to grow by 16.0008 over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 9.20% per year, Assimming that the markef is in equilariem, use the information just given to complete the table, What is the expected dividend neld for Portmaris stock foday

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