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Assume you've generated the following information about the stock of Bufford's Burger Barns The company's latest dividends of $4 41 share are expected to grow

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Assume you've generated the following information about the stock of Bufford's Burger Barns The company's latest dividends of $4 41 share are expected to grow to $4 81 next year, to $5 24 the year after that, and to $5 71 m year 3 In addition, the pnee of the stock is expected to nse from $72 69 (its current price) to $103 73 in 3 years a. Use the dividends-and-eamtngs model and a required return of 15% to find the value of the stock b. Use the 1RR procedure to find the stock's expected return c. Given that dividends are expected to grow indefinitely at 9%, use a 15% required rate of return and the dividend valuation model to find the value of the stock d. Assume dividends in year 3 actually amount to $5 71, the dividend growth rate stays at 9%. and the reqiwed rate of return stays at 15% Use the dividend valuation model to find the pnee of the stock at the end of year 3

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