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Assume that you're an Analyst with Goldman Sachs. LUV is priced at $ 1 0 8 / share . You estimate that the BOD will

Assume that you're an Analyst with Goldman Sachs.
LUV is priced at $108/share. You estimate that the BOD will increase the dividend 5%/year for the next two years then increase it 4%/year forever....'You' have a 6.5% DR
Based on your valuation and the current valuation, explain whether you'd put out a Buy or Sell Recommendation!

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