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as the average firm in the industry and just paid a dividend (D) octed to grow at a constant rote of 5% and that its

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as the average firm in the industry and just paid a dividend (D) octed to grow at a constant rote of 5% and that its dividend yield is 7%. CEJ is about as risky =50% ) and 20% during the second year (91,2=20%). After Yor $1. Analysts expect that the growth rate of dividends will be 50% during the first year ( 90,1 stock? What is the estimated intrinsic price per share? Do not round, dividend growth will be constant at 5%. What is the required rate of return on C\&I's value to the nearest whole number. P^0:$ Assume that the average firm in CEJ Corporation's industry is expected to grow at a constant rate of 5% and that its dividend yield is 7%%. CEJ is about as risky as the average firm in the industry and just pald a dividend (D0) of $1. Analysts expect that the growth rate of dividends will be 50% during the first year (90, =50%) and 20% during the second year (91,2=20%). After Year 2 , dividend growth will be constant at 5%. What is the required rate of return on CE's stock? What is the estimated intrinsic price per share? Do not round intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number

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