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Assume that the average firm in your companys industry is expected to grow at 6% and its dividend yield is 7%. Your company expects its
Assume that the average firm in your companys industry is expected to grow at 6% and its dividend yield is 7%. Your company expects its dividends to grow 50% this year, 25% the following year, after which growth returns to the 6% industry average. If the last dividend paid (D0) was $1, what is the value per share of your firms stock?
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