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Assume that investors want 14% return. Your company just paid a dividend (DC) of $1. You expect that the growth rate of dividends will be

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Assume that investors want 14% return. Your company just paid a dividend (DC) of $1. You expect that the growth rate of dividends will be 50% during the first year. After Year 1, dividend growth will be constant at 5%. What is the estimated value per share of your firm's stock

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