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Assume that the average fim in your company's industry is expected to grow at a constant rate of 7% and that its dividend yieid is

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Assume that the average fim in your company's industry is expected to grow at a constant rate of 7% and that its dividend yieid is 62. Your company is about as risky as the average firm in the industry and just paid a dividend (Do) of $1.75. You expect that the growth rate of dividends will be so during the first year {90,1=50%) and 30% during the second year (91,2=30%6). After year 2 , dividend growth will be constant at 7%. What is the required rate of return on your company's stock? What is the estimated value per share of your firm's stock? Do not round intermedlate calculations. Round the monatary value to the nesrest cent and percentage value to the nearest whole number

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